The partnership enables millions of pre-approved customers of ICICI Bank to activate short-term credit line instantly on the PhonePe app, and use it for UPI transactions in a seamless and secure manner. The Bank offers credit line on UPI for up to ?2 lakh with a repayment period of 45 days.
The facility is announced during the festive season to empower customers to purchase high-ticket items like electronics, travel and hotel bookings, bill payments, and much more.
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Denne historien er fra November 2024-utgaven av BANKING FINANCE.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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ICICI Bank partners with PhonePe to offer instant credit on UPI
ICICI Bank announced that it has partnered with PhonePe to offer instant credit on UPI to its pre-approved customers on the app of the digital payments company.
