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PhonePe Rolls Out Credit Feature On App To Help Users Manage Credit Cards, Pay Bills

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PhonePe Rolls Out Credit Feature On App To Help Users Manage Credit Cards, Pay Bills
  1. PhonePe introduced a ‘Credit’ section, enabling users to manage credit cards, pay bills, and access credit bureau scores at no extra cost.
  2. Users can now view credit bureau reports, encompassing credit insights like credit utilization, payment punctuality, and credit age.
  3. The feature expansion includes upcoming plans to introduce consumer loans within the app.
  4. PhonePe aims to broaden its lending platform by collaborating with banking and non-banking financial companies (NBFCs).
  5. This initiative marks an extension of services by the Walmart-owned digital payments app to offer comprehensive financial management tools.
SourceINC 42

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