Sachin Bansal’s Navi partners with Karnataka Bank to launch credit lines on UPI

Private sector lender Karnataka Bank has partnered with Sachin Bansal-founded Navi to launch credit lines on Unified Payments Interface (UPI)-based transactions.

The Mangaluru-headquartered lender will offer credit lines to Navi’s users. The product is currently offered to a closed group of pre-qualified users, and it will be rolled out to more users based on customer feedback.