Ring Digital Credit Platform Now Features NPCI UPI Plug-In

Ring Digital Credit Platform Now Features NPCI UPI Plug-In

RING digital credit platform now features NPCI UPI plug-in

RING, a digital credit platform in India, is collaborating with the National Payments Corporation of India (NPCI) to implement its UPI Plug-in feature into its existing digital services. This arrangement will enable RING to offer its clients a 'Scan & Pay' option, as well as attract new consumers who choose to make payments using UPI.

Key Points:

• RING will be able to offer an all-in-one payment and credit solution, enabling customers to receive credit and pay merchants nationwide within the RING app. With the UPI payment feature, RING users can link their bank account to create a UPI ID, and then make payments by scanning a merchant’s QR code.

What are the plans of RING?

RING plans to use this partnership to improve its offerings and customer value proposition. Since launching in June 2019, RING has gained over four million transacting customers and has partnered with over 10 Lakh merchants. With this new addition, RING intends to broaden its offering of useful digital financial tools and strengthen its market position.

Important Takeaways For All Competitive Exams:

• Co-founder & CTO, RING: Karan Mehta

• Chief of Corporate and Fintech Relationships and Key Initiatives, NPCI: Nalin Bansal

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