Blitz Bureau
NEW DELHI: The Unified Payments Interface (UPI) platform, a flagship of the Indian Digital Public Infrastructure (DPI) which has gone global, has added another feather to its cap. According to Dilip Asbe, Managing Director and CEO of the National Payments Corporation of India (NPCI), credit card spendings via UPI has touched Rs 10,000 crore a month.
The NPCI CEO also informed that credit lines on UPI account has reached about Rs 100-Rs 200 crore, as the remainder comes from the RuPay credit card on UPI facility. According to him, ICICI Bank is one of the leading banks offering credit on UPI, with other five to six lenders live on the platform.
NPCI launched credit line on UPI last year, offering low-ticket, high-volume retail loans to people and businesses. Axis Bank, HDFC Bank, ICICI Bank, Indian Bank, Punjab National Bank (PNB), and State Bank of India (SBI) are live with this facility.
Among the digital platforms, BHIM, Google Pay, Paytm, PayZapp, Navi, and Tata Neu are live on this product offering.
