UPI (Unified Payments Interface) payments have become common part of the life since the pandemic and it is a game changing payment revolution in India introduced by National Payments Corporation of India (NPCI) which is now being expanding to other countries as well.
Every Indian bank offers UPI and many payments apps like Paytm, Phonepe, Google Pay etc., have now become most used UPI payments apps while offering other services as well. To attract customers these payment apps have run may offers like referrals, cashbacks etc., and now they have significant market share with reduced cashback offers.
Likewise a new UPI payment app called Super.Money was launched by Flipkart. The unique feature of this app is it offers real cashback for every UPI payment and it launched its UPI services in partnership with Yes bank. We can make payments and transfer the funds with Scan pay feature and direct transfers as well.
Cashback Features:
- It claims to offer cashback upto 5% on payments or transfers
- Cashback is credited directly in Rewards section which is called “superRewards” from where you can directly transfer the cashback to bank account with a swipe for free.
- However the cashback % is dynamic and can change for each transaction
- Super money is one and only app in the market to offer real money as cashback on each transaction.
- It also has Super Drop program where you will be enrolled automatically by doing a money transfer to any one and you get a chance to win some prices everyday.
- You can also send free cash to your friends who gets link to download the Super Money app along with a cool meme. It is like a referral program only your friend benefits and there will be no rewards for those who refer.
- You can use this link if you are new to this app and wanted to receive the money : super.money App
The only drawback is cashback can be very small for some transactions but if you do frequent UPI transactions instead of other apps like phonepe, Paytm, Google pay etc., this is the better app as we get something as cash instead of indirect rewards or cashbacks.
Super Money App Features:
- The app interface is very simple unlike others apps like Phonepe and Paytm which has multiple options
- You can just open the app Tap to scan features appears which makes payment experience smoother.
- App is also offering Fixed deposits at higher rates of various banks with SuperFD and there is no need to open a bank account, you can just choose the FD of higher interest and open directly from the app.
- You can also check Credit Score for free.
- Super Money is also offering Credit Cards in the name of the superCard and superCard Plus which are lifetime free in partnership with Utkarsh Small Finance Bank:
- Supercard features are:
- Anyone can apply for this card with 100% approval rate by opening a Fixed Deposit and the credit limit will be 90% of the Fixed deposit amount.
- Lifetime Free with no joining and no Annual fee and offers below cashback on non-upi transactions:
- 5% cashback on Myntra
- 3% cashback on Clear Trip
- 2% cashback on Flipkart
- Upto 5% Cashback on UPI and 0.5% on other non-UPI credit card actions
- Supercard Plus features are:
- Approval of this card is based on the Credit score
- Life time free credit card
- 3% cashback – On all UPI scan & pay spends
The above two cards are not fully launched and one has to join the waiting list as it is launching in phased manner to limited users and you will be notified once they are available to apply.
Overall Super money app is very good app which offers real cashback which can be transferred to bank account and it has host of the benefits like Fixed deposits with high interest rates, Supercard which is offered against Fixed deposit is a major plus as it attracts new credit cards who doesn’t have a credit score and also for building a good credit score.
