RBI has proposal to permit UPI transactions via pre-sanctined credit lines. This means, UPI will nothing but your Credit Card in future. A limit is set under your UPI and you can use UPI instead of a Credit Card in future….Wah BUY NOW AND PAY LATER is now possible through UPI.
Here is an article which detials about it…
CREDIT LINES VIA UPI
**Courtesy: Business Lines dt 8th April 2023
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