To take on freecharge and paytm, Flipkart launched Flipkart Money. Flipkart Money has been launched on Android devices right now, where it can be topped up with Rs 10,000 at a time using credit card, debit card and net banking as per news published in Times of India.
It is expected to be helpful for quick refunds and single click payments on the platform.
Balance is limited to Rs 10,000 only on the wallet and a total of Rs 25,000 can be added to it a month.
The development comes after the Bengaluru-based company acquired FX Mart last year, which is powering Flipkart Money.
FX Mart had secured a five-year prepaid wallet license in October 2014 and had also applied for a payment bank license, which it did not receive.