UPI New Feature: Under the new change in the PhonePe app, users can now link pre-approved credit line with UPI. With the help of this feature, users can easily make payments without paying from the bank account. This feature will be useful for those users who have a pre-approved credit line.
UPI New Feature: Many changes have been made in the app by PhonePe. New features have also been added to it. Here users can now link pre-approved credit line with UPI. With its help, it is being speculated that the purchasing power of the users will increase. This is the reason why many changes are being made in the app from time to time. These changes are also being seen in a positive way.
If you also have a pre-approved credit line of the bank, then you can link it with the bank. After this you can use it with the help of UPI account. This feature of PhonePe is going to be liked by people who have a credit line. After this you can make payment with the help of credit line only. That is, it will work like a debit card for you. You will be able to make payments easily with its help and can do so without using savings.
How will it prove helpful?
In simple words, this is a feature that gives you credit access for daily purchases. That is, you can make direct payment without using your bank account. In a way, just like you make payment using a credit card. With this, you can increase sales. The new feature allows you to make payments and everyone can participate in it. Right now PhonePe has started this feature, so this feature can be started by other apps.
How can you start?
- First of all you have to go to the PhonePe app and go to the profile section here.
- Here you have to select the bank in which you have been given a credit line.
- After setting the UPI PIN, you can select the credit line.
- Once the credit line is set, you will start seeing the new bank in the payment bank option in the settings.
- PhonePe has said that people are going to like this feature a lot. The credit business is growing rapidly in India and keeping this in mind, we have started it.
