Explained | How UPI Now, Pay Later works
Last Update Date: 06-10-2026
Published by Deccan Herald
Abhishek Kumar's role: Quoted
Abhishek Kumar, in comments to The Economic Times that the article cited, said pre-approved credit lines could help people without formal income documents access credit, and help small borrowers and businessmen manage working capital.
More of Abhishek's views on money management
The explainer covers the RBI's decision to let banks offer pre-sanctioned credit lines that can be used through UPI. It describes how the facility works, that it is currently limited to merchant payments, and how existing bank offerings differ on fees, interest, credit periods and limits.
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Explained | How UPI Now, Pay Later works