look news india
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 to UPI. With its help, the purchasing power of users is expected to 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 from the bank, then you can link it to the bank. After this, you can use it with the help of UPI account. This feature of PhonePe is going to be liked a lot by those who have a credit line. After this, you can make payment only with the help of credit line. That is, it will work like a debit card for you. With its help, you will be able to make payment easily and will be able to do so without using savings.
How will this prove helpful?
In simple words, this is a feature that gives you access to credit for everyday purchases. That is, you can make payments directly without using your bank account. In a way, just like you pay 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 other apps can also start this feature.
How can you get started?
- 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 the credit line.
- After setting the UPI PIN you can select the credit line.
- Once the credit line is set up, you will start seeing the new bank in the Payment Bank option in 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 this.