UPI and Digital Payments in India
Credit on UPI and Newer Features
UPI now supports credit lines, RuPay credit cards, small-value offline payments and features like autopay and biometrics.
UPI is growing beyond simple transfers.
Credit
RuPay credit cards and pre-approved credit lines can be linked to UPI.
UPI Lite
It allows small payments without entering a PIN each time.
Autopay
Recurring payments, like subscriptions, can be set up and managed.
Innovations
Voice payments, offline modes and biometric authentication aim to widen use.
A monthly bill
A subscription is paid automatically from a UPI mandate.
Assuming credit on UPI is the same as a bank transfer
It is borrowing that must be repaid.
Key takeaways
- UPI supports credit.
- UPI Lite eases small payments.
- Autopay handles recurring bills.
- New features widen use.
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