ICICI Bank has announced to start EMI facility on this UPI payment on Tuesday. Now the customers of this bank will be able to take advantage of this by using the Buy Now Pay Later facility.
New Delhi. A good news has come for crores of customers paying through UPI in the country. Now you can also buy goods on EMI through UPI. Earlier during shopping, credit card or debit card was required to buy a product on installments. But now you can choose EMI option during UPI payment. However, this facility has been started by the private sector ICICI Bank.
Since the trend of payment through UPI has increased very fast in the country, this facility provided by ICICI Bank will be very useful for crores of customers. Because through this they will be able to buy goods on monthly EMI by scanning any QR code while making UPI payment.
ICICI Bank told how customers can take advantage
ICICI Bank has announced to start EMI facility on UPI payment on Tuesday. Now the customers of this bank will be able to take advantage of this by using the Buy Now Pay Later facility. The biggest advantage of this will be that after making UPI payment on the purchase of electronics, grocery, travel and clothes, you will be able to pay the amount spent on shopping in installments. After the announcement of RBI in this regard, ICICI Bank has given this facility first.
3, 6 and 9 Months Easy Installment Option
Customers can pay an amount of Rs.10,000 and above in easy installments of 3, 6 or 9 months. Bijit Bhaskar, Head, Digital Channels & Partnerships, ICICI Bank said, “We have observed that maximum payments these days are done through UPI, with customers increasingly opting for Buy Now Pay Later, as reported by Money Control. Are. Keeping in view both these trends, the bank is introducing the facility of Instant EMI for UPI payments made through Pay Later.
To use the EMI facility on PayLater, first of all, you have to scan the QR code after purchasing the goods at a store. Then you have to select the option of Scan Any QR to use the iMobile Pay app to make the payment. If the payment amount is Rs 10,000 or more, then you will have to opt for PayLater EMI. After this, a period of 3, 6 or 9 months has to be selected for EMI and after that payment has to be made.
