{"id":10683,"date":"2022-12-06T14:16:47","date_gmt":"2022-12-06T08:46:47","guid":{"rendered":"https:\/\/aayushbhaskar.com\/?p=10683"},"modified":"2022-12-06T17:04:44","modified_gmt":"2022-12-06T11:34:44","slug":"upi-based-pay-later-apps-in-india","status":"publish","type":"post","link":"https:\/\/aayushbhaskar.com\/upi-based-pay-later-apps-in-india\/","title":{"rendered":"5 Best UPI-Based Pay Later Apps in India","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"

The newest advancement on the market at the moment when India is advancing toward the digitalization of the online payment ecosystem is that of applications that let users make purchases today and pay for them tomorrow. <\/span><\/p>\n

These applications enable users to purchase items and services from vendors and make payments for them later, as the name implies. <\/span><\/p>\n

T<\/span>he ideal answer to these problems is to use Pay Later applications, which securely and easily provide clients access to a line of credit without interest. <\/span><\/p>\n

Existing payment alternatives that give a line of credit to clients have certain inherent limitations, such as going into your bank account in order to complete every transaction and providing data such as bank details, PIN, and others in order to effectively complete the transaction. <\/span><\/p>\n

In this piece, we’ll take a detailed look at the pay-later method UPI-based and vendors who provide it to their clients.<\/span><\/p>\n

What is pay-later?<\/span><\/h2>\n

PayLater is a concept that allows customers to make purchases and pay for them later. The concept is comparable to that of a credit card<\/a>, however, no real credit card is present. <\/span><\/p>\n

A transaction can be simply completed and the amount settled at the conclusion of the credit cycle, which is typically 14 days long. <\/span><\/p>\n

When compared to a credit card, the PayLater method is often deemed safer and more smooth because no sensitive information such as credit card numbers and account details are required. <\/span><\/p>\n

As the market for PayLater applications grows at an exponential rate, many shops have included them as a payment option.<\/span><\/p>\n

Best UPI Pay later apps in India<\/span><\/h2>\n

1. <\/span>ICICI Bank<\/span><\/a><\/h3>\n

ICICI was the first bank in India to offer consumers pay later options. ICICI’s credit limit ranges from INR 5,000 to 20,000, depending on the customer’s income and creditworthiness.<\/span><\/p>\n

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To pay their bills on time, people can easily link their bank accounts to the pay later service and choose an auto debit option.<\/span><\/p>\n

Features<\/span><\/h4>\n