BHIM UPI to offer bouquet of financial products
The BHIM UPI payments app plans to expand its offerings to include credit cards, loans, insurance, and investment products. The platform has seen significant growth in transaction volume and is exploring technical integrations with major banking apps.
Why it matters
The expansion of digital payment platforms into full-service financial hubs is a major trend in fintech, particularly in emerging markets like India.
From credit cards, loans, investments and over time insurance policies, a bouquet of financial products is planned to be offered on BHIM payments app, NPCI BHIM Services (NBSL) MD and CEO Lalitha Nataraj said on Wednesday.
Business reporting on corporate strategy and growth metrics.
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