BharatPe has launched ‘BharatPe Flex’, a Credit-on-UPI solution powered by YES BANK. The product enables users to make everyday UPI payments using a pre-approved credit line, combining the convenience of UPI with “pay now, settle later” flexibility.
The facility provides up to 45 days of interest-free credit, allowing users to spend daily and repay later either in full or through EMIs (3–12 months).
About BharatPe Flex
BharatPe Flex integrates a credit line directly into the UPI ecosystem, allowing customers to continue making payments seamlessly across existing UPI platforms while using borrowed funds.
Coverage of Payments
- In-store QR code payments
- Online transactions
- Bill payments and recharges
- Travel and shopping
- Fuel (petrol) and other daily expenses
What BharatPe Flex Offers
- Pre-approved credit line embedded within UPI
- Up to 45 days interest-free repayment period
- Flexible repayment options:
- Full payment within billing cycle
- Conversion into EMIs (3–12 months)
- Enables daily spending with monthly settlement flexibility
Key Features
- Wide Usability: Works across both offline (QR) and online UPI transactions
- Interest-Free Period: Up to 45 days credit without interest
- Flexible Repayment: Choice between full repayment or EMI conversion
- Digital Onboarding: Fully digital process with approvals in ~3 minutes
- Expense Tracking: Monitor spending, limits, and repayments within the app
- Rewards System: Earn rewards on eligible UPI payments
Significance
- Enhances UPI Ecosystem: Integrates credit into real-time payment systems
- Boosts Financial Flexibility: Helps users manage short-term liquidity without immediate cash outflow
- Promotes Digital Credit Adoption: Encourages shift toward formal, app-based credit systems
- Convenience & Credit Fusion: Combines ease of UPI with structured lending