RT @navifinance: 🚀[Big News] for RCB Fans! Navi UPI is the Official UPI Partner of RCB!🏏. Get 24-hour early access to RCB home match ticket….

RT @dipika_bajpai: Have been using it for over six months now for all UPI payments. Really smooth fast and without any glitch. And it gives….

Navi App has hands down the best UI for UPI—smooth, fast, and effortless. Try it out and see the difference! 🚀💸.

RT @RBI: Removal of supervisory restrictions: Navi Finserv Limited, Bengaluru.

RT @naval: You have one life. Don’t settle for mediocrity.

RT @naval: One advantage of being a leftist is that, being on the “moral” side, you never question your own motives.

Can credit lines on UPI do for credit inclusion, what UPI has done for payments in India? My sense is leveraging UPI's widespread reach and real-time capabilities, Credit on UPI can significantly reduce the credit gap, especially for underbanked and underserved populations. It's.

At Navi, our focus has been on expanding the current UPI offering to provide users with a seamless payment experience and a world-class rewards experience. We are currently building a new product offering in UPI, and we believe it will bring a fresh perspective to how users.

India’s Credit Inclusion Opportunity: The Credit line on UPI can open up lending opportunities for banks and NBFCs to reach over 30 crore Indian consumers and businesses. It could be a game-changer for MSMEs, which contribute 30% to the GDP but often face a credit supply.

In 2023, at an industry event, NPCI’s CEO said, “It has ambitions of opening more credit lines on UPI. India’s credit market will grow tenfold by the end of this decade and there is an opportunity to make credit available real time and we are working on a service layer to empower.

What does RBI say?. “To drive digital payments in the country, on 6 April 2023, RBI proposed to expand the scope of UPI by permitting the operation of pre-sanctioned credit lines at banks through UPI. This move is in line with the RBI's payments vision of 2025, enhancing access.

How it works?. To access the pre-approved Credit line on UPI, users can simply apply via their bank. Once approved, the user can use a UPI app to make payments that are debited from this credit line instead of the user's savings account, enabling swift borrowing via smartphones.

Over the past decades, various instruments have tried to become the go-to option for a user for credit at the point of consumption. Despite efforts, these options never reached their potential for credit under ₹5000, partly due to high customer acquisition costs (₹3000-₹5000).

The idea of Credit on UPI was incubated to address the need for quick, seamless access to credit. Traditional credit systems often involve lengthy approval processes and paperwork. Credit on UPI will help create new types of credit lines and EMI options based on spending.

UPI has transformed digital payments in India, becoming the preferred mode for over 350 million Indians. The recent introduction of Credit on UPI within the ecosystem has the potential to be a game-changer in enabling access to credit for millions. Credit to RBI and NPCI for.

A thread on Credit on UPI - Will it be a game-changer in unlocking faster credit? Can you recall the first time you made a payment using any UPI app? If you think back, you'll realize that UPI was introduced in India on April 11, 2016. Today, UPI contributes 75% of all digital.

Happy to see millions of Indians enjoying the seamless experience of making daily UPI payments with Navi UPI and earning Navi coins as rewards! Thank you, @NPCI_NPCI for letting us grow and contribute to making the UPI ecosystem accessible to all. At Navi, we are always focused.

Function > Form.

RT @ananya_birla: It’s official!! This is the moment we formally completed the acquisition of Chaitanya. It is surreal to look back over….

Be proud of what you are capable of but more important than that is to become your own worst critic. As such, most people never blame themselves for their misfortune and blame someone else. External direct feedback is rare. Hence, most never reach their full potential.