The new Flipkart wallet works on a prepaid credit system, the consumer will top up the wallet with any amount up to USD 190 (RS 10,000) and pay via its credit or debit card or net-banking. The amount will appear as prepaid credit on the customer’s account and can be used as a payment method for all future purchases.
Additionally, customers will be able to keep a record of their wallet balance by heading over their Flipkart account or viewing the wallet balance at the top. Customers who run out of balance before purchasing an item, will be able to make partial payments using their wallet and pay the remaining amount via other payment methods including credit card, debit card and net-banking.
In related news, Flipkart has acquired the rights to the digital catalogue of a Bollywood website, namely Chakpak.com, including 40,000 filmographies, 10,000 movies and close to 50,000 ratings. Prior to that, it had acquired an Indian business digital content platform company, Mime360 to enter the digital distribution space.
Flipkart is an Amazon-like e-commerce website which offers books, electronics, mobile phones, games and software.
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