Can NPCI’s new UPI credit line be an alternative for entry level credit cards?
The National Payments Corporation of India’s (NPCI) ‘Pre-sanctioned Credit Line at Banks through UPI (Unified Payments Interface)’ would work more like a credit card without the plastic card actually in place. The credit line allows individuals and businesses to access pre-sanctioned credit lines or loans from banks that are linked to their UPI accounts. This…