UPI Payment Service: In today’s fast-paced life, digital payments have become an everyday necessity. From vegetables to cafes and online shopping, UPI is used everywhere. But sometimes, payments fail due to insufficient balance in the account, leading to awkward situations. BharatPe and Yes Bank have now come together to offer a solution to this problem.

What is Pay Later with BharatPe?

BharatPe has partnered with Yes Bank to launch a new service called Pay Later with BharatPe. This is a digital credit service that allows customers to make UPI payments even when they don’t have sufficient balance in their bank account. This service is based on the NPCI system, ensuring its security and reliability.

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Credit without documents and hassle

The most unique feature of this service is that it doesn’t require a separate loan or credit card. Through BharatPe’s digital onboarding process, the customer’s credit profile is checked in just a few minutes. Once the limit is approved, the user can easily make payments by scanning a QR code at any shop.

How long do you have to repay the money?

Pay Later with BharatPe offers customers a 45-day interest-free period. If the full amount is repaid within the stipulated time, no additional charges are levied. This facility is extremely useful for people whose salaries arrive at the end of the month, but their expenses occur earlier.

EMI payment facility

If a user is unable to repay the full amount within 45 days, the EMI option is available. BharatPe offers easy installment options ranging from 3 months to 12 months. This allows users to manage even large expenses without disrupting their budget.

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Benefits for small businesses, too

This facility is not limited to just individual customers. Small shopkeepers and traders can also benefit from it. They get instant digital credit, avoiding the complex process of bank loans, allowing them to purchase goods and meet their business needs.

Extra benefits with rewards

Every payment made through Pay Later with BharatPe earns you Zillion Coins under BharatPe UPI Rewards. These coins can be used for future shopping and other offers. This means you get rewards along with your payment.