Fintech major PhonePe introduces ‘credit line on UPI’ on its platform

Fintech major PhonePe on Thursday announced the launch of a credit line on the Unified Payments Interface (UPI) feature nearly a year after the feature was launched by the National Payments Corporation of India (NPCI).

The feature enables customers to avail themselves of short-term credit.

The option also allows merchants on PhonePe’s Payment Gateway to offer customers an additional payment option at the time of checkout.