The National Payments Corporation of India (NPCI) has come up with another major change in the UPI payments. This time, it intends to broaden the functions of UPI payments by adding another feature to it, EMIs through UPI. When operational, UPI users will be able to convert UPI transactions into Equated Monthly Instalments (EMIs). This will boost credit accessibility, make expensive purchases easier, and strengthen UPI’s status as the most convenient payment system in India.

With the development of this feature, users will have the convenience of converting their UPI payments into EMIs. The NPCI’s move is aimed at fueling future growth in retail digital payments, according to a report. The Economic Times (ET) in its report, citing sources, said that NPCI will allow fintech companies to in

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