2024-08-23 06:38:10
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 with UPI. With its help, it is being speculated that the purchasing power of the users will 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 with 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 people who have a credit line. After this, you can make payment with the help of credit line only. That is, it will work like a debit card for you. You will be able to make payment easily with its help and can do this without using savings.
How will it prove helpful?
In simple words, this is a feature that gives you credit access for daily purchases. That is, you can make direct payment without paying from the bank account. In a way, you make payment 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 this feature can be started by other apps.
How can you get started?
- First of all you have to go to 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, you will start seeing the new bank in the Payment Bank option in Settings.
- PhonePe has said that people will like this feature a lot. Credit business is growing rapidly in India and keeping this in mind, we have started this.