Prime Minister Narendra Modi inaugurated 5G services in India, marking the beginning of the use of the next generation network in the country. However, 5G services will not be available in the whole country in a snap.
The 5G services will be rolled out in a phased manner. The 13 cities where 5G networks will be launched first include Ahmedabad, Bengaluru, Chandigarh, Chennai, Delhi, Gandhinagar, Gurugram, Hyderabad, Jamnagar, Kolkata, Lucknow, Mumbai, and Pune.
The rest of India’s cities, towns, and villages will get access to the next-gen network over the following months, and within two to three years, 5G network is set to come to entire India. For the uninitiated, 5G is a newer generation of data speeds that not only make your downloads faster but pave a path for a number of new use-cases from cloud gaming to autonomous vehicles.
However, telecom providers like Airtel, Jio, and Vodafone Idea may roll out 5G services in these 13 cities in a phased manner, which means if you are residing in one of these regions, it may still be a while before you can still use the service. Key cities like Mumbai, Delhi, Kolkata, and Chennai are expected to be the very first regions to get 5G access, as also confirmed by Reliance Jio, which is set to launch its 5G plans in these cities by Diwali this year.
5G also has a number of other use cases beyond faster download speeds. The service will also be used in various public services including the health sector, smart farming, and disaster management.
To elevate the retail experience for users across India, Flipkart has introduced its UPI payment solution, powered by Axis Bank. With features like Supercoins, Cashbacks, Milestone benefits, and brand vouchers, this secure solution aims to revolutionize the payment experience. Initially available for Android users, customers can register for UPI with @fkaxis handle and perform fund transfers and checkout payments using the Flipkart app.
In line with the growing preference for UPI payments, the launch of Flipkart UPI offers unparalleled convenience and cost-effective solutions. The UPI offering facilitates smooth onboarding, allowing users to avail themselves of the feature for online and offline transactions within and outside the Flipkart marketplace. It introduces one-click functionalities for recharges and bill payments, enhancing overall payment efficiency.
In 2023, UPI processed over 117 billion transactions worth Rs 182.84 trillion, showcasing its significance in India's dynamic digital payment landscape. Flipkart UPI is poised to substantially impact the country's digital payments system, aligning with the vision of a digital economy. Dheeraj Aneja, Senior Vice-President at Flipkart, expressed the company's commitment to delivering a best-in-class commerce experience and shaping a digitally empowered society.
Sanjeev Moghe, President and Head of Cards and Payments at Axis Bank, highlighted the bank's role in extending multiple payment flows through UPI. The partnership with Flipkart, from launching co-branded credit cards to introducing the UPI service, emphasizes their commitment to innovation. Customers can register for UPI with @fkaxis handle, enabling fund transfers and checkout payments using the Flipkart app. The cloud-hosted solution ensures stability and scalability, contributing to a seamless UPI platform for customers.
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