Unified Payments Interface (UPI) now allows credit line payments

  • Unified Payments Interface (UPI) now supports payments via credit lines, as announced by the Reserve Bank of India.
  • This move provides consumers with greater flexibility in payments and also helps merchants avoid investment in swiping machines.
  • The facility could help lenders assess creditworthiness by providing a robust data trail of transactions, thereby easing the credit access for borrowers.
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