Transform Your Payments: Link Credit Lines to UPI with PhonePe!

PhonePe introduces credit lines on UPI: Users can now link their bank credit lines directly to PhonePe for smooth transactions.

[{"selector":"#anim-6ace384d-90c6-4487-b748-bf6a9246b81b","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-50869c14-419a-4c3c-939e-55ef6b7e0c68","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Merchants benefit too: Merchants can integrate with PhonePe Payment Gateway to offer credit line payments to customers.

[{"selector":"#anim-49f01f9f-9651-420b-baf5-0b6f8475b290","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-9decaf73-52ce-4473-b5aa-6982cf68b5b1","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

RBI expands UPI scope: Reserve Bank of India now includes credit lines on UPI, enhancing payment flexibility

[{"selector":"#anim-4857e457-0ef9-4412-9d1a-a5df60934991","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-4818bbd2-9edd-4a1d-b54e-c2e051990731","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Easy setup for users: Link your credit line by selecting your bank in PhonePe's profile section and complete the setup

[{"selector":"#anim-d1140a78-bb6d-4fd1-bf19-e4b507de48c0","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-0bf55849-0bf1-44d6-923d-09b1cf6fd31a","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Set your UPI Pin: After linking, create a UPI Pin to activate the credit line as a payment option

[{"selector":"#anim-0b9300e7-bdae-491a-bb99-632fc969f049","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-3c98c98a-dd5d-4ce5-b67d-dffc28591c43","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

New payment method visible: The credit line will show up as an option during checkout on the PhonePe app

[{"selector":"#anim-35d20205-ae3f-45bb-a694-8dbb94aa806a","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-dec82da8-bca0-4922-9ab4-0b26ebcab16c","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

PhonePe’s innovative approach: Deep Agrawal, Head of Payments, emphasizes the importance of this new credit line feature

[{"selector":"#anim-b39bb239-08fd-4760-b74e-08af6a59928e","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-106964bc-8cd4-4c94-87b7-e47a146d6fbd","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Strengthening digital payments: PhonePe’s feature supports the growth of digital payments in India with advanced credit solutions

[{"selector":"#anim-f9d81558-047c-46a8-913c-45b80dfd8ee4","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-25e52d2e-c6c3-43ca-8e5f-b5e916ae8ccc","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Enhanced credit accessibility: The new feature aims to make accessing and using credit more convenient for users

[{"selector":"#anim-9b66bb3e-f99b-4633-bcd1-a148b13d72a8","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-3be5e540-6a63-4976-b635-7b1931d73c07","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Transforming payment experiences: PhonePe’s integration of credit lines on UPI is set to revolutionize how credit is used in India

[{"selector":"#anim-60c25ce2-7963-4954-88ca-593e5a94d338","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-5a9a2460-05ff-457c-a351-dc0d7223769a","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Read More