ICICI Bank introduces EMI facility for UPI payments

ICICI Bank introduces EMI facility for UPI payments

Daily Current Affairs   /   ICICI Bank introduces EMI facility for UPI payments

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Category : Business and economics Published on: April 15 2023

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  • ICICI Bank has introduced easy EMI facility for UPI payments made by scanning QR code.
  • Customers eligible for PayLater, the Bank’s ‘buy now, pay later’ service can avail of the EMI facility in an instant, easy and seamless manner.
  • This first-of-its-kind facility enhances the affordability of lakhs of the Bank’s customers as they can now instantly buy products or services just by scanning the required merchant QR code at a store and making payments in EMIs.
  • The facility can be availed across a host of categories such as electronics, groceries, fashion apparels, travel and hotel bookings. Customers can pay transaction amount above ₹10,000 in easy instalments in three, six or nine months.
  • The EMI facility for PayLater will shortly be extended for online shopping as well.
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