FinTech lenders prefer UPI over other modes of loan payment
Most FinTech entrepreneurs feel that leveraging UPI as a repayment mode is a more customer friendly option.
- While it still faces version upgrade challenges, the latest version of Unified Payments Interface (UPI) has emerged as the most preferred option for loan repayment processes.
- They are also of the opinion that having a simplified and user-friendly UPI could make the application popular enough and improve the repayment trend.