Himani Chowdhary Instagram – ‼️BIG‼️ New UPI Credit Line
✅ 75% of retail payments happen through UPI
✅ Now RBI has allowed Banks to give pre sanctioned limit credit to all UPI users.
🫵🏼 So not you and me will get small ticket credit which we can use for personal use, as a working capital loan or to pay your vendors
✅ With this new rule, Banks wont have to find new customers, issue cards or even get a merchant onboard
‼️ But it will also lead to credit score changes if you wont repay on time.
🙏 By next month we might see these changes on our UPI app.
❤️ This is a digital revolution as more money will flow through the market and banking sector will do really well. NBFCs might also join the game in future.
❓What are your thoughts on this new rule? Comment below 👇
#upi #digitalpayment #banks #rbi #loans #personalloan #creditcard #creditcards #creditscore #india #indianeconomy #reels #himanichaudhary | Posted on 10/Apr/2023 16:50:01
