UPI users looking for greater flexibility in managing their daily payments now have a new option. BharatPe and YES Bank have launched BharatPe Flex, a credit-on-UPI facility that allows eligible customers to make payments through UPI even when they may not have sufficient funds in their bank account at that moment. While the interest-free credit facility provides up to 45 days of interest-free usage, users can spend daily and repay monthly either in full or via flexible 3–12 month equated monthly instalments (EMIs).
The product combines the convenience of UPI with access to a pre-approved credit line, enabling users to pay now and settle their dues later.
How can BharatPe Flex benefit customers?
With BharatPe Flex, customers may access the facility of a credit line incorporated within the UPI experience while continuing to make payments across the current UPI ecosystems. These payments include in-store QR-code payments, internet transactions, bill payments, recharges, travel, shopping, petrol and other everyday expenses.
What does BharatPe Flex offer?
BharatPe Flex offers users the option to repay in full within the billing cycle or convert the repayment into flexible EMIs, depending on their repayment preference. Users can make UPI payments and settle dues within up to 45 days of interest-free period.
BharatPe Flex users can benefit from a fully digital onboarding and activation facility with approvals within three minutes.
Key features of BharatPe Flex include:
- Use across in-shop and online UPI payment flows
- Pay on UPI and settle within up to 45 days interest-free period
- Option to repay in full or convert repayment into EMIs
- Fully digital onboarding and activation journey
- Track expenses, limits and repayments within the app
- Earn rewards on every eligible payment through BharatPe UPI
How to enrol for BharatPe Flex:
Step 1: Open the BharatPe app and tap on BharatPe Flex
Step 2: Complete the digital onboarding and KYC process
Step 3: Link the approved credit line with UPI
Step 4: Set your UPI PIN
Step 5: Start making payments via BharatPe Flex across UPI merchants
BharatPe UPI Rewards
Users also get access to BharatPe UPI Rewards, earning guaranteed reward in the form of Zillion coins for all transactions done through BharatPe UPI app. These coins can be used to purchase vouchers for multiple brands or products and pay all forms of utility bills.
How to onboard Pay Later with BharatPe (Powered by YES BANK) :
Open the BharatPe UPI app and tap the ‘Pay Later’ icon.
Create your ‘Credit Line on UPI’ account by completing the KYC process of YES BANK.
Link your credit account with UPI.
Select YES BANK as your credit provider and authenticate by using Aadhaar.
Set your UPI PIN and start paying instantly through your YES BANK-powered credit line.
