View: RBI's credit on UPI plan can create a win-win situation for all

Last month, RBI, during the course of the monetary policy committee announcement on interest rates, said that pre-sanctioned credit line would be made available via UPI. With this, a pre-sanctioned approval acts as a digital credit-card to millions who may not have one. In an age of buy now-pay later, RBI’s recent measure helps create a win-win situation for all – MSMEs, individuals as well as banks.

from Banking/Finance-Industry-Economic Times https://ift.tt/RF2TA3Q