UPI Now, Pay Later: Not enough money in bank account? You can still do UPI transactions and pay later; how to use
Published by Economic Times
Abhishek Kumar's role: Quoted
Abhishek Kumar, founder of SahajMoney, said many people without formal income documents are shut out of credit cards, and that pre-approved UPI credit lines with basic checks could help small borrowers and shopkeepers fund working capital instead of borrowing from moneylenders.
More of Abhishek's views on debt and loans
This September 2023 article explains the RBI's move to let banks link pre-sanctioned credit lines to UPI, so users can pay merchants from a credit limit and repay later. It describes how two banks' pay-later offers worked at the time, including limits of up to ₹50,000 and their interest or service charges, and how such credit lines differ from credit cards on UPI. It includes comments from Abhishek Kumar.
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UPI Now, Pay Later: Not enough money in bank account? You can still do UPI transactions and pay later; how to use
