Tuesday, 23 September, 2025
NPCI to Introduce EMI Payment Option on UPI, Expanding Credit Access
The National Payments Corporation of India (NPCI) plans to enable users to convert Unified Payments Interface (UPI) QR code payments into Equated Monthly Installments (EMIs), enhancing credit accessibility. This initiative builds upon the success of RuPay credit cards and credit lines on UPI, with fintech firms like Navi and Paytm preparing to integrate this feature. The move aims to boost UPI's transaction volume and provide flexible payment options to consumers.
Read full story at Economic Times