Tuesday, 31 March, 2026
Major Banks Embrace UPI Credit Lines for Digital Lending
By Isha
Leading Indian banks, including HDFC Bank and Axis Bank, are finally preparing to widely implement 'credit lines on UPI.' This move comes after initial delays and follows a directive from the NPCI. By partnering with fintechs, banks aim to offer small-ticket digital credit directly via UPI apps, expanding their reach to new customers and leveraging the platform's huge transaction volume for rapid credit growth.
Read full story at Economic Times