The RBI's directive, announced on September 4, 2023, enables payments via pre-sanctioned credit lines issued by scheduled commercial banks for transactions using the UPI system. Previously, only deposited amounts, savings accounts, overdraft accounts, prepaid wallets, and credit cards could be linked to UPI. This expansion broadens the funding options available to UPI users, making it... https://www.corpzo.com/the-expansion-of-upi-presanctioned-credit-lines-now-available