Question

Flipkart has launched its own Unified Payments Interface services in collaboration with ___ .

• A. State Bank of India
• B. Axis Bank
• C. Canara Bank
• D. Indian Overseas Bank

Hint:

In questions about financial collaborations, focus on major banking institutions that often partner with tech companies.

Answer 1

The Correct Option is B

Flipkart collaborated with Axis Bank to launch its own Unified Payments Interface (UPI) services, enhancing digital payment options.
Thus, the correct answer is Axis Bank.

Answer 2

Flipkart has launched its own Unified Payments Interface (UPI) services in collaboration with Axis Bank.

This strategic partnership allows Flipkart to offer a seamless and secure payment option directly integrated within its platform, enhancing the user experience for millions of customers.

The collaboration leverages Axis Bank’s banking infrastructure and regulatory compliance to facilitate instant payments, transfers, and settlements through the UPI system.

By integrating UPI services, Flipkart aims to promote digital payments, reduce dependency on cash transactions, and provide a convenient and reliable payment method for its users.

This move aligns with the broader push in India towards a digital economy and financial inclusion.