RBL Bank & Piramal Finance partner to offer Co-Lending Business

Flipkart, India’s homegrown eCommerce marketplace, has announced the launch of a credit card bill payment feature on Flipkart Pay, further strengthening its position in the payment space.

The newly introduced category aims to enable convenient payments for millions of Flipkart customers while driving growth for the Recharges and Bill Payments category on Flipkart Pay via the Bharat Bill Payment Service (BBPS).

Credit card bill payments have emerged as a key category on BBPS, ranking as the fifth-largest in terms of transaction count. The share of credit card bill payments in transaction value reached 62% of all BBPS payments after the RBI mandate to route credit card bills through Bharat Connect in July.