EMI ON UPI
Introducing India’s first EMI on UPI infrastructure
Unlock instant credit for customers via pre-approved installment plans on UPI transactions at checkout, without a credit card.
WHY NOW
550M+ UPI users. The next frontier of digital credit.
UPI is becoming default user behaviour, and EMI on UPI brings credit to the same checkout experience.
The rails already exist. This is an extension of a proven credit construct to a new, high-volume channel.
FOR ISSUERS
Leverage existing infrastructure for new revenue
HOW IT WORKS
Pre-qualified EMI at online checkout
Customers are pre-qualified against existing pre-approved limits before they see a price, with the plan secured by a standard UPI AutoPay mandate.
ONE SEAMLESS FLOW
From checkout to repayment — all in one seamless flow
Upfront merchant settlement meets automated EMI recovery, delivering familiar EMI economics on UPI.
COMMON QUESTIONS
FAQs
What is EMI on UPI and how does it work?
EMI on UPI lets a pre-approved customer split a purchase into installments at checkout using a standard UPI AutoPay mandate, without needing a credit card.
How is credit on UPI different from a credit card?
Credit on UPI runs through a bank's pre-approved limit and a UPI mandate rather than a card network, meaning no physical card or card-specific infrastructure is required for either merchant or customer.
How does a UPI credit line get set up for a customer?
A UPI credit line is pre-qualified by the issuing bank; at checkout, the customer opts in and confirms via a standard UPI mandate — no separate application process.
Which banks or NBFCs can issue EMI on UPI?
Any bank or NBFC with UPI issuance capability and a pre-approved lending book can become an EMI-on-UPI issuer, typically through a single integration with an infrastructure partner.
Does EMI on UPI require a new NPCI specification or certification?
No — EMI on UPI is built on existing UPI AutoPay rails, so issuers can launch without waiting on new NPCI specifications or major code changes.
How does merchant settlement work with EMI on UPI transactions?
The merchant typically receives the full purchase amount upfront (often same-day or T+1), while the issuer recovers the loan from the customer through scheduled UPI AutoPay debits.
What happens if a customer misses an EMI on UPI repayment?
Repayment recovery runs through UPI AutoPay's retry logic, similar to any other recurring mandate, with the issuing bank/NBFC handling collections per their own policy.
Become the first issuer to launch at scale
Earn interest and fee income with a single integration.