Rupay reveals New Feature - Now Users can opt for EMIs directly via UPI app

By Team Startupcity  |  Wednesday, 03 April 2024, 15:50 IST

Rupay reveals New Feature - Now Users can opt for EMIs directly via UPI app
NPCI - The National Payments Corporation of India has announced new advanced features for the RuPay Credit Card on the UPI - Unified Payments Interface platform, accompanied with the enhancements for credit lines on UPI. These inventive advancements are scheduled to be facilitated by the players by the month of May 31, 2024.
In the midst of the Key highpoints of these features is the outline of EMIs – Equated monthly installments which will permit the users to opt for an EMI options directly via their connected accounts of credit cards on the UPI application. 
According to the latest features, users will acquire the advantages to change past purchases made using their credit card accounts into EMIs via the transaction history on the UPI app. The option to change the purchases into EMIs at the moment of transaction adds additional level of convenience. In order to make the users to stay informed on their financial commitments, the UPI app will show the exciting EMIs precisely. 
By this, users can be able to accomplish the bill payments & instalments of credit accounts. The new advanced feature of Rupay facilitates users to make one-time payments or set up UPI Autopay for the hassle-free settlement of outstanding credit card bills or installments. This operations expands to the payments for self as well as others. 
Also NPCI announced modernized capabilities for limit management. It will allow the users to apply or accept for an augmentation of their credit limit directly from the delivering entity via UPI platform. Overall, this new feature designed & introduced to streamline the process of managing the credit lines & permitting the users to modify their financial resources as per their requirements. 

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