ENA Sectors 2025-12-22 13:26:17 <p><span style="font-size:14px"><strong>New Delhi, Dec 22 (KNN)</strong> Fintech company BharatPe, in partnership with YES BANK, has launched Pay Later with BharatPe, a Credit on UPI solution powered by the National Payments Corporation of India (NPCI).</span></p> <p><span style="font-size:14px">The product offers instant, paperless access to a UPI-linked credit line with up to 45 days of interest-free usage. Users can repay the amount monthly either in full or through equated monthly instalments (EMIs) ranging from three to twelve months.</span></p> <p><span style="font-size:14px"><strong>Seamless Credit-Linked UPI Payments</strong></span></p> <p><span style="font-size:14px">Pay Later with BharatPe enables users to make payments using a credit line all merchant touchpoints, including scanning UPI QR codes, online shopping, bill payments and recharges through the BharatPe app. </span></p> <p><span style="font-size:14px">Users can track credit utilisation, limits and repayments securely within the app, offering a fully integrated and digital credit experience. The product provides flexibility through interest-free usage for up to 45 days and optional EMIs for longer repayment tenures. </span></p> <p><span style="font-size:14px">The users also earn guaranteed rewards in the form of Zillion coins on all transactions carried out via the BharatPe UPI app. These reward points can be redeemed for brand vouchers, products or utility bill payments.</span></p> <p><span style="font-size:14px"><strong>Industry Perspective</strong></span></p> <p><span style="font-size:14px">BharatPe CEO Nalin Negi commented that credit penetration in India remains low, particularly for small merchants and new-to-credit consumers. He said the product aims to deliver a scalable and compliant credit solution to address spending needs of merchants and consumers.</span></p> <p><span style="font-size:14px">Anil Singh, Country Head, Credit Cards and Merchant Acquiring, YES BANK, said the bank is a significant participant in the UPI ecosystem and will leverage its digital onboarding and underwriting capabilities to support customers originating from BharatPe.</span></p> <p><span style="font-size:14px"><strong>BharatPes Financial Services Ecosystem</strong></span></p> <p><span style="font-size:14px">BharatPe stated that it is the only fintech company in India with an Non-Banking Financial Company (NBFC) licence through Trillion Loans, a stake in a Small Finance Bank (Unity SFB), and an Online Payment Aggregator licence.<br /> Onboarding Process</span></p> <p><span style="font-size:14px">To onboard, users need to access the Pay Later option on the BharatPe UPI app, complete YES BANKs KYC process, link the credit line to UPI, authenticate using Aadhaar, set a UPI PIN and begin transactions using the YES BANK-powered credit line.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 44503 https://knnindia.co.in/news/newsdetails/sectors/bharatpe-yes-bank-launch-pay-later-with-bharatpe-credit-on-upi 2025-12-22 13:26:17 knnindia.co.in