weather_iconAshburn | 2.94 °C | AQI 23
Friday, 14 February, 2025

---Advertisement---

Business

ICICI bank launches EMI facility for UPI Payments; now THESE things within your reach; check out details

EMI for UPI Payments: In an attempt to increase the affordability of the Bank’s customers, ICICI has started a new service that enables users to convert their UPI payments into EMIs( Equated Monthly Installments). People who qualify PayLater, the bank’s “buy now, pay later” service, can use the EMI facility of bank without any hassle. […]

EMI for UPI Payments: In an attempt to increase the affordability of the Bank’s customers, ICICI has started a new service that enables users to convert their UPI payments into EMIs( Equated Monthly Installments). People who qualify PayLater, the bank’s “buy now, pay later” service, can use the EMI facility of bank without any hassle. This amazing brand new service increases the affordability of the Bank’s customers. Now, they are able to instantly purchase goods and service  by making ENI payments with scanning the merchant QR code at a store.

This service is applicable on wide varieties of items, including gadgets, food, clothing, travel and hotel reservations. Users may pay transaction amount over 10,000 in 3, 6 and 9 easy installments. The online shopping will have soon the EMI option of PayLater.

---Advertisement---

Read More :-BSEB CLASS 12 COMPARTMENT EXAM 2023: CHECK COMPLETE SCHEDULE HERE

Benefits of EMI option:

ICICI Bank’s Head of Digital Channels & Partnership, Mr. Bijith Bhaskar, said on the new feature: “We, at ICICI Bank, always aim at offering products and services to improve convenience for our clients and to deliver cutting-edge solutions to satisfy their changing credit demands. We have seen that UPI is now used for the majority of payments. Also, we have noticed that consumers are choosing UPI transactions from PayLater, the Bank’s “buy now, pay later” service, more frequently.

---Advertisement---

Bhaskar said that the bank is offering quick EMI option for UPI payments done through PayLater by combining these two trends. We feel that this facility significantly improves the affordability of our customers by enabling them to buy expensive items on EMIs in a secure, quick and digital manner.

Read More :-GUJARAT BOARD 2023: CLASS 12 SCIENCE ANSWER KEY RELEASED; RAISE OBJECTION TILL THIS DATE

How to use EMI facility on PayLater?

  • Visit any real retailer
  • Select the goods or services you want
  • For payment, use the iMobile Pay app
  • Select the “Scan any QR” option Use the PayLater EMI option, if the transaction amount is more than Rs. 10,000
  • Choose a duration of 3, 6, or 9 months. Confirm and the deal is successfully closed

Read More :- Latest Education News

HISTORY

Written By

Divya Richa

Related Story

Live News

---Advertisement---


live

Latest LIVE News Trending Today, Real Time Updates: ‘We Are Working Towards Viksit Bharat’ Says PM Modi

Feb 14, 2025
Latest LIVE News Trending Today, Real Time Updates
  • 07:46 (IST) 14 Feb 2025

    Foreign Secretary Vikram Misri Says, "Two leaders Jointly Launched The US-India Compact For The 21st Century..."

N24 Shorts Logo

SHORTS

Shreyas Iyer scored 78 runs against England in the 3rd ODI
Sports

Why No. 4 Is The Perfect Spot For Shreyas Iyer In The Indian Line-Up? See Report

India managed to clinch the 3 match ODI series comfortably against England with the last match winning by a marginal gap of the 142 runs.

View All Shorts

---Advertisement---

Trending