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FlexPay Launches Credit Based UPI

Updated: Oct 17, 2020

Hyderabad headquartered Vivifi India Finance an RBI-approved NBFC launched app-based platform FlexPay which will facilitate credit-based UPI transactions online and offline via scan and pay mechanism.

UPI is a revolutionary payment framework from NCPI, it has played a huge role in revolutionalizing the digital payments landscape in India, with credit-based UPI the penetration will increase furthermore.

Flexpay Credit UPI

Vivifi India the parent company of FlexPay also has a product called FlexSalary an instant line of credit for salaried professionals a model similar to that of EarlySalary.

FlexPay is not the only product in the credit-based UPI space, It will face stiff competition from PayU's Lazypay Plus which is a Naspers company.