BharatPe Flex Launched: Make UPI Payments Now and Pay Later with Up to 45 Days Interest-Free Credit
UPI users now have a new option for making payments with greater flexibility. BharatPe and YES Bank have launched BharatPe Flex, a Credit Line on UPI facility. It allows eligible customers to make UPI payments even if they do not have enough money in their bank account at that time.
BharatPe Flex offers a pre-approved credit line that can be used for daily payments. Users can make purchases now and repay the amount later. The facility provides up to 45 days of interest-free credit. Customers can either repay the full amount within the billing cycle or convert it into easy monthly instalments (EMIs) ranging from 3 to 12 months.
The service combines the convenience of UPI with access to instant credit. Customers can continue making payments through the existing UPI ecosystem. BharatPe Flex can be used for QR code payments at shops, online purchases, bill payments, mobile recharges, travel bookings, fuel purchases, and other everyday expenses.
One of the key features of BharatPe Flex is its fully digital onboarding process. Eligible users can complete registration and receive approval within three minutes.
Key Features of BharatPe Flex
- Use across both online and in-store UPI payments
- Pay through UPI and settle dues later
- Up to 45 days of interest-free credit
- Option to repay in full or through EMIs
- Fully digital onboarding and activation
- Track spending, credit limits, and repayments through the app
- Earn rewards on eligible transactions through BharatPe UPI
How to Use BharatPe Flex
Method 1:
- Open the BharatPe app and tap on BharatPe Flex.
- Complete the digital onboarding and KYC process.
- Link the approved credit line with UPI.
- Set your UPI PIN.
- Start making payments through BharatPe Flex at UPI merchants.
Method 2:
- Open the BharatPe UPI app and tap the “Pay Later” option.
- Complete the YES Bank KYC process to create your Credit Line on UPI account.
- Link your credit account with UPI.
- Select YES Bank as your credit provider and authenticate using Aadhaar.
- Set your UPI PIN and start making payments through the YES Bank-powered credit line.
Rewards for Users
BharatPe Flex users also get access to BharatPe UPI Rewards. Customers earn guaranteed rewards in the form of Zillion Coins on eligible transactions made through the BharatPe UPI app. These coins can be redeemed for vouchers from various brands, products, and utility bill payments.
