The partnership will provide QubeHealth with a fast and cost-effective way to reach customers and embed next-generation payment and lending products into its offering
With an aim to simplify healthcare and make it affordable, QubeHealth has announced its partnership with National Payments Corporation of India (NPCI) and BaaS startup, Falcon to introduce healthcare payment products for employed Indians. QubeHealth aggregates healthcare providers, lenders, payment services providers and Indian corporates to offer a healthcare borrowing and payment experience to salaried employees.
The partnership will provide QubeHealth with a fast and cost-effective way to reach customers and embed next-generation payment and lending products into its offering.
Under this strategic alliance, Falcon provides its full-stack BaaS platform to the Qubehealth to embed a healthcare wallet and RuPay co-branded prepaid card for their end users. The card enables employees to get reimbursements on healthcare expenditure from their employers as well as load this card with their own fund to avail cashbacks of up to 50 per cent and discounts at Qubehealth partner merchant ecosystem, which comprises over 600 brands of health service providers and over 11,000 hospitals and clinics across the country. The card, which can be used in both virtual and physical forms, is seamlessly integrated within the Qubehealth mobile app and offers a fully digital onboarding process, UPI P2M payments, and cashback rewards, among other advanced features.
By March 2023, QubeHealth projects over 100,000 subscribers and healthcare credits of Rs 1,000 crore made available to its subscribers.