PhonePe launched ‘Credit Line on UPI’, expanding payment flexibility for consumers and merchants

Daily Current Affairs / PhonePe launched ‘Credit Line on UPI’, expanding payment flexibility for consumers and merchants

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Category : Business and economics Published on: August 26 2024

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PhonePe has announced the launch of its new feature, ‘Credit Line on UPI,’ aimed at enhancing the flexibility and convenience of transactions for its users.
This new offering allows consumers to connect their credit lines from banks to the Unified Payments Interface (UPI) on the PhonePe platform, enabling seamless merchant payments and providing a new dimension to the digital payments ecosystem.

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PhonePe launched ‘Credit Line on UPI’, expanding payment flexibility for consumers and merchants