Tuesday, 31 March, 2026
Indian Banks Begin UPI Credit Line Trials for Instant Small-Value Loans
By Isha
After regulatory delays, major Indian banks are initiating trials to offer pre-approved credit lines via UPI for small-value loans. The Reserve Bank of India has clarified structuring and reporting guidelines, enabling seamless use of credit for purchases across UPI platforms like PhonePe and Paytm. Banks such as ICICI and Karnataka Bank are leading these efforts, pushed by NPCI’s 2023 enabling of UPI credit links—signaling a major step toward quick, digital lending.
Read full story at Economic Times