Want to UPI now and pay later? Here’s how to do UPI with less balance

Do you know you can still pay through your Unified Payments Interface (UPI) application even if your bank account is insufficiently funded?

The Reserve Bank of India (RBI) has now permitted banks to offer a credit line facility to UPI users. A pre-approved credit line allows you to make purchases now and pay the bank back later. But, how does it work?

UPI now, pay later

The RBI has recently enabled transfers from pre-sanctioned credit lines at banks through the UPI network.