New Delhi: ICICI Bank on Tuesday introduced that it has actually partnered with PhonePe to use immediate credit score on UPI to its pre-approved consumers on the application of the electronic repayments business.
“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 financial institution stated in a declaration.
“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,” it included.
Steps to trigger line of credit on PhonePe:
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● Login to your PhonePe application
● Click on the credit score activation banner revealed on the application
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● Check the item functions, fees and continue for activation
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● Complete all verification actions
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● Once the line of credit has actually been authorized, the client can connect it UPI, established a UPI Pin and utilize it for UPI deals.
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.(* )line of credit is interoperable throughout different UPI repayment applications and offers consumers the center of negotiating utilizing any kind of UPI repayment application.This
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