BNPL on UPI Lite - Yes, why not
BNPL on UPI Lite - Yes, why not Product Name – UPI Lite BNPL Q: What is UPI Lite Ans: UPI Lite will enable feature phone users to make use of the UPI networks and make use of the UPI networks and make digital payments directly from their bank accounts. UPI Lite will enable feature phone users to access UPI networks and make digital payments straight from their bank accounts using their phones. UPI Lite, a new solution in the works at the NPCI, will enable small digital payments, to be made without active internet connections. The RBI, on January 5, allowed digital payments up to Rs 200 to be made without internet connections. Q: What is BNPL Ans: The full form of BNPL is ‘Buy Now Pay Later’. The primary target audience is folks who are not eligible for a full-fledged credit card. The credit limit for BNPL is very low as compared to a normal credit card limit. BNPL billing cycle is 15 days and the repayment window is 5 days from the bill generat...