ICICI Bank has teamed up with PhonePe to offer pre-approved customers instant credit on UPI transactions via the PhonePe app. This strategic partnership allows eligible ICICI Bank customers to activate a short-term credit line of up to ₹2 lakh, with a 45-day repayment period, making it easier to manage high-value festive purchases such as electronics, travel bookings, and bill payments.
Niraj Tralshawala, Product Head – Payment Solutions, ICICI Bank, said, “We are excited to partner with PhonePe to offer seamless access to credit, allowing customers to easily fund their festive shopping needs.”
Deep Agrawal, Head of Payments at PhonePe, added, “Our collaboration with ICICI Bank enhances the digital credit experience, making access to flexible credit easier and quicker for millions of users.” In Guwahati, where festive shopping trends are on the rise, this offering is set to boost local consumer activity. The city’s growing demand for electronic goods and travel services aligns well with the convenience of instant credit on UPI, allowing residents to make larger purchases more comfortably.
