Credit Push: NPCI Exploring EMI on UPI Payments

The National Payments Corporation of India (NPCI) is exploring the introduction of equated monthly installment (EMI) options for Unified Payments Interface (UPI) transactions. This initiative aims to enhance the affordability of digital payments and encourage higher transaction volumes. The EMI feature would allow users to convert their UPI payments into manageable installments, making it easier for consumers to make larger purchases. NPCI is in discussions with financial institutions to implement this feature, which is expected to boost the adoption of UPI as a preferred payment method.