What is Credit Line on UPI?

NPCI launches 'Credit Line on UPI'

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NPCI launches 'Credit Line on UPI' for mobile payments with insufficient account balance.

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New payment modes were introduced: 'Hello UPI,' 'UPI LiteX,' 'BillPay Connect,' and 'UPI Tap and Pay.'

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'Credit Line on UPI' acts like a digital credit card, offering a pre-approved spending limit.

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NPCI aims for 100 billion monthly transactions through these methods.

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Available with select banks and payment apps like BHIM, Paytm, and G Pay.

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Benefits: No need for physical cards, immediate access after approval, seamless credit experience.

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UPI revolutionized digital payments in 2016, enabling direct bank transfers and 24x7 banking.

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UPI simplifies transactions with features like real-time fund transfers and no need for OTPs or CVVs in online shopping.

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