RBI-Licensed Fintech Enables Tax-Efficient Employee Benefits Across 60 Million+ UPI Merchants
Noida / New Delhi (Economy India): OmniCard (Eroute Technologies Pvt. Ltd.), an RBI-licensed AI-powered business fintech platform for corporate spend management, has launched India’s first Flexi Benefits Basket on UPI, introducing a unified digital wallet that allows employees to access multiple tax-efficient benefits through a single platform.
The company said the new solution enables employees to utilize benefits across categories such as meals, fuel, telecom, learning, and other eligible expenses, while making payments at more than 60 million UPI-enabled merchants across India.
One Wallet for Multiple Employee Benefits
Unlike conventional employee benefit cards that are limited to specific categories, OmniCard’s Flexi Benefits Basket consolidates multiple corporate benefits into one RBI-regulated wallet.
Employees can independently manage and spend their allocated benefits using UPI at eligible merchants, providing greater convenience and flexibility.
Expanding Tax-Efficient Benefits
According to the company, the platform is designed to help organizations deliver tax-efficient employee benefits that can exceed ₹2 lakh annually, subject to applicable tax laws and employer policies.
The solution aims to simplify benefit distribution while enhancing employee experience through seamless digital payments.
Boosting Corporate Digital Payments
With UPI becoming India’s dominant digital payment infrastructure, OmniCard believes integrating employee benefits with UPI will significantly improve accessibility and utilisation.
The company positions the offering as a step toward modernising employee compensation and corporate expense management through a unified fintech platform.
Key Highlights
| Feature | Details |
|---|---|
| Product | Flexi Benefits Basket on UPI |
| Company | OmniCard (Eroute Technologies Pvt. Ltd.) |
| Platform | RBI-Licensed Benefits Wallet |
| Acceptance | 60+ Million UPI Merchants |
| Benefit Categories | Meals, Fuel, Telecom, Learning & More |
| Target Users | Corporate Employees & Employers |
Industry Significance
The launch reflects the growing convergence of fintech, digital payments, and HR technology, as companies increasingly seek flexible and tax-efficient employee reward solutions. By leveraging India’s extensive UPI ecosystem, OmniCard aims to make employee benefits more accessible, transparent, and convenient.
(Economy India)
