Abhishek012
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FlexPay launch UPI based Credit card (‘Scan Now and Pay Later’ feature)
App Link - FlexPay by FlexSalary: India's First Credit On UPI – Apps on Google Play
Source
Hyderabad based-NBFC Vivifi India Finance has launched FlexPay, which offers credit on UPI. It has a ‘Scan Now and Pay Later’ feature where customers can use a line of credit when they do not have funds available in their bank accounts or virtual wallets.
In a statement, Vivifi said, it is targeting 30 crore Indians who do not have a credit card.
“We have been live for almost two months now and have enabled FlexPay option within FlexSalary for 30,000 of our existing customers, who already used credit to pay for transactions worth nearly ₹3 crore. We are now extending this product to the next one lakh customers as the first step in our objective of meeting the credit needs of 50 lakh under-served Indians over the next three years,” said Anil Pinapala, Founder and CEO, Vivifi.
Source
Eligibility Criteria for Loan -
• Must be an Indian Citizen
• Must be a salaried individual
• Must be above the age of 21
• Must have a minimum salary of ₹8,000
App Link - FlexPay by FlexSalary: India's First Credit On UPI – Apps on Google Play
Source
Hyderabad based-NBFC Vivifi India Finance has launched FlexPay, which offers credit on UPI. It has a ‘Scan Now and Pay Later’ feature where customers can use a line of credit when they do not have funds available in their bank accounts or virtual wallets.
In a statement, Vivifi said, it is targeting 30 crore Indians who do not have a credit card.
“We have been live for almost two months now and have enabled FlexPay option within FlexSalary for 30,000 of our existing customers, who already used credit to pay for transactions worth nearly ₹3 crore. We are now extending this product to the next one lakh customers as the first step in our objective of meeting the credit needs of 50 lakh under-served Indians over the next three years,” said Anil Pinapala, Founder and CEO, Vivifi.
Eligibility Criteria for Loan -
• Must be an Indian Citizen
• Must be a salaried individual
• Must be above the age of 21
• Must have a minimum salary of ₹8,000
