Categories: Business

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.

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

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

Find More Business News Here

Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.

Recent Posts

West Indies Legend Sir Garfield Sobers Passes Away at 89

Sir Garfield Sobers, who is referred to as a great cricketer in history, has died…

14 minutes ago

Skyroot’s Vikram-1 Set for Historic Launch as India’s First Private Orbital Rocket

Vikram-1, it is the country’s first ever private orbital rocket developed and designed indigenously. As…

17 hours ago

RBI Financial Inclusion Index Rises to 70 in FY26

India is advancing its access to the formal financial services, as Reserve Bank of India…

18 hours ago

How an Italian Sculptor Created the FIFA World Cup Trophy That Became Football’s Greatest Icon

In the FIFA World Cup 2026, either Spain or Argentina will lift the ultimate trophy…

18 hours ago

Serum Institute to Manufacture M72 TB Vaccine Under Gates MRI Partnership

The Serum Institute of India (SII) has reached a watershed agreement with the Gates Medical…

19 hours ago

Karnataka Apartment Bill 2025: Common Ownership Rights, Redevelopment Rules and Key Features

Karnataka has made public the draft Karnataka Apartment (Ownership and Management) Bill, 2025 (KAOMA), an…

19 hours ago