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