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RING digital credit platform now features NPCI UPI plug-in

RING digital credit platform now features NPCI UPI plug-in

RING, a digital credit platform in India, is collaborating with the National Payments Corporation of India (NPCI) to implement its UPI Plug-in feature into its existing digital services. This agreement will allow RING to provide its customers with a ‘Scan & Pay’ option, as well as attracting new customers who prefer to use UPI for payments.

Key Points:

  • RING will be able to offer an all-in-one payment and credit solution, enabling customers to receive credit and pay merchants nationwide within the RING app. With the UPI payment feature, RING users can link their bank account to create a UPI ID, and then make payments by scanning a merchant’s QR code.

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What are the plans of RING?

RING plans to use this partnership to improve its offerings and customer value proposition. Since launching in June 2019, RING has gained over four million transacting customers and has partnered with over 10 Lakh merchants.  With this new enhancement, RING hopes to expand its range of useful digital financial tools and consolidate its position in the market.

Important Takeaways For All Competitive Exams:

  • Co-founder & CTO, RING: Karan Mehta
  • Chief of Corporate and Fintech Relationships and Key Initiatives, NPCI: Nalin Bansal

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