<img src="https://m2p-website-file.s3.ap-south-1.amazonaws.com/m2p-website-file/marketing-cms/m2p-blog/2025/04/Credit-card-Product-updates-Banner-3.webp" alt="M2P Fintech" title="" id="949nmx2yl" width="100%" height="253">Welcome to the Q4 FY 2024-2025 edition of our quarterly product updates, where we spotlight the newest enhancements to our <a class="link" href="https://m2pfintech.com/credit-cards/">credit card stack</a>.&nbsp;This product update note highlights key improvements that enhance operational efficiency and end-user experience, ultimately helping you deliver greater value to your customers.&nbsp;<h2 class="heading-node" id="xhajg3tzk" style="text-align: left">Product Highlights</h2><h4 class="heading-node" id="h607py904" style="text-align: left">1. Minimum Amount Due calculation for MENA region&nbsp;</h4>As part of this feature upgrade, any overdue unpaid MAD from the previous cycle will be added to the current cycle’s MAD.&nbsp;The system will keep incrementing MAD if the customer does not clear the overdue, which may also lead to mathematically MAD becoming greater than TAD. In such scenarios, the system will keep MAD = TAD and not increment further.<h4 class="heading-node" id="rysocuti5" style="text-align: left">2. Password configurations for statements&nbsp;</h4>This feature provides the ability for a bank/fintech partner to set or update the password configuration that is set for protecting the statement. Passwords can be configured based on 4 different parameters – First Name, Last Name, DOB and Last 4 Digits of Card Number through any order of preference.&nbsp;<h4 class="heading-node" id="444q07olb" style="text-align: left">3. FRM integrations for RuPay and Multi-card&nbsp;</h4>Any new additional cards/RuPay card availed by the customer will be onboarded to <a class="link" href="https://m2pfintech.com/blog/all-you-need-to-know-about-building-a-robust-fraud-and-risk-management-frm-system/">FRM</a> system so that transactions done through new additional cards and RuPay cards are also monitored.&nbsp;<h4 class="heading-node" id="w0lzav636" style="text-align: left">4. FRM integrations for additional configurations&nbsp;</h4>A set of configurations is available to filter out advice transactions sent to the<a class="link" href="https://m2pfintech.com/frm-aml/"> FRM</a> system. These configurations can be defined at the credit end based on MTIs, reason codes, and response codes.&nbsp;<h4 class="heading-node" id="53o7peqgc" style="text-align: left">5. SI report generation&nbsp;</h4>SI report automation and generation with the fields below&nbsp;<ul class="list-node" id="guk5kgw3m"><li>CIF Number&nbsp;</li><li>Tran Date&nbsp;</li><li>Tran Amount&nbsp;</li><li>Success/Failure with Reason&nbsp;&nbsp;</li></ul><h4 class="heading-node" id="ltfvg1hbl" style="text-align: left">6. Report automation</h4>Automation of the following transactional reports on a daily and monthly basis. These reports will now be sent through the warehouse system on configuration&nbsp;<ul class="list-node" id="60z18484u"><li>Financial Activity Reporting&nbsp;</li><li>R16 Report&nbsp;</li><li>Repayment Report&nbsp;</li><li>Interest Summary Report&nbsp;</li></ul><h4 class="heading-node" id="teag43vy2" style="text-align: left">7. UPI credits to be allowed with restricted MCCs</h4><a class="link" href="https://m2pfintech.com/upi/">UPI</a> transactions with UPI Type as CREDIT and all other Subtypes such as PAY, COLLECT etc., are now allowed for payment processing.&nbsp;<h2 class="heading-node" id="11xn80ybz" style="text-align: left">Supply Chain Financing Module</h2><h4 class="heading-node" id="2kzsk0ehm" style="text-align: left">1.Order cancellations post confirmation</h4>As part of the <a class="link" href="https://m2pfintech.com/blog/unlocking-growth-supply-chain-financing-future-with-m2ps-credit-stack/">supply chain financing</a> product, we have added the provision to cancel a transaction post the order confirmation and placement, prior to the order being delivered.&nbsp;<h4 class="heading-node" id="1o1gx3dx4" style="text-align: left">2. System integration for document dispatch&nbsp;</h4>As part of supply chain financing product implementation, a call is made to the Bank’s document generation API to dispatch regulatory documents at the time of onboarding a merchant and once a drawdown is done. The relevant dynamic variables required for populating the document such as: Customer Name, Due Date, Due Amount details, etc. are shared through this upgrade.&nbsp;<h4 class="heading-node" id="eij5buxx4" style="text-align: left">3. Notification for spend reports&nbsp;</h4>When a spend report is generated and sent to the registered Mail ID, an SMS will also be sent to the customer. Parameters that will be sent in the notification are&nbsp;<ol class="list-node" id="mmax33zu3"><li>Customer’s first name and last name&nbsp;</li><li>Total consolidated due for the month&nbsp;</li><li>Billing month details - month and year for which the bill is generated&nbsp;</li></ol>That’s a wrap on this quarter’s highlights.&nbsp;We’re continuously working to improve our credit card platform to better serve our partners and their customers. If you have questions about these updates or want to see them in action, feel free to <a class="link" href="https://shorturl.at/yZdwB">contact us</a>.Follow us on&nbsp;<a class="link fui-Link ___1idfs5o f3rmtva f1ewtqcl fyind8e f1k6fduh f1w7gpdv fk6fouc fjoy568 figsok6 f1hu3pq6 f11qmguv f19f4twv f1tyq0we f1g0x7ka fhxju0i f1qch9an f1cnd47f fqv5qza f1vmzxwi f1o700av f13mvf36 f1cmlufx f9n3di6 f1ids18y f1tx3yz7 f1deo86v f1eh06m1 f1iescvh ftqa4ok f2hkw1w fhgqx19 f1olyrje f1p93eir f1h8hb77 f1x7u7e9 f10aw75t fsle3fq f17ae5zn" href="https://www.linkedin.com/company/m2pfintech/mycompany/" target="_blank" rel="noreferrer noopener">LinkedIn</a>&nbsp;and&nbsp;<a class="link fui-Link ___1idfs5o f3rmtva f1ewtqcl fyind8e f1k6fduh f1w7gpdv fk6fouc fjoy568 figsok6 f1hu3pq6 f11qmguv f19f4twv f1tyq0we f1g0x7ka fhxju0i f1qch9an f1cnd47f fqv5qza f1vmzxwi f1o700av f13mvf36 f1cmlufx f9n3di6 f1ids18y f1tx3yz7 f1deo86v f1eh06m1 f1iescvh ftqa4ok f2hkw1w fhgqx19 f1olyrje f1p93eir f1h8hb77 f1x7u7e9 f10aw75t fsle3fq f17ae5zn" href="https://twitter.com/m2pfintech" target="_blank" rel="noreferrer noopener">Twitter</a>&nbsp;for insightful fintech bytes curated for curious minds like you.

What’s New with M2P's Credit Stack Platform?

<img src="https://m2p-website-file.s3.ap-south-1.amazonaws.com/m2p-website-file/marketing-cms/m2p-blog/2024/08/Credit-Line-on-UPI-Blog.webp" alt="M2P Fintech" title="" id="ltp5fvkp0" width="100%" height="253"><a class="link" href="https://m2pfintech.com/blog/upi-the-driver-of-economic-growth-and-inclusion/">Unified Payments Interface</a> (UPI) has transformed India’s payment landscape, propelling the nation into a <a class="link" href="https://m2pfintech.com/blog/ready-to-sneak-peek-into-global-cashless-societies/">cashless</a> era. With over 40% of all payments now happening via UPI, it is evident that this innovative platform has captured the wallets of millions. &nbsp;Previously, UPI payments were limited to savings accounts, overdraft accounts, prepaid wallets, and RuPay credit cards.  Now the scope of UPI is expanding with the addition of credit lines as a funding account. &nbsp;In a significant move on 4th September 2023, the <a class="link" href="https://economictimes.indiatimes.com/industry/banking/finance/banking/rbi-allows-pre-sanctioned-credit-lines-through-upi/articleshow/103365816.cms?from=mdr">Reserve Bank of India (RBI)</a> announced the approval of pre-sanctioned Credit Line on UPI.&nbsp;This new initiative enables banks to offer credit lines that borrowers can use seamlessly for transactions via UPI. Lenders can also instantly offer flexible borrowing options to a vast user base.  This groundbreaking solution not only enhances the convenience of digital transactions but also empowers both banks and customers with greater financial flexibility.&nbsp;This blog will delve into what a credit line on UPI entails, how it operates, and the benefits it brings to businesses and customers.  &nbsp;<h2 class="heading-node" id="qyke717g7" style="text-align: left">What is Credit Line on UPI? &nbsp;</h2>A <a class="link" href="https://www.linkedin.com/feed/update/urn:li:activity:7166799790159196160/">credit line on UPI</a> is a pre-approved loan that, once enabled by your bank, can be accessed directly via any UPI app. This feature allows customers to utilize pre-approved borrowing limits offering easy and hassle-free credit access. By integrating this credit line into their UPI accounts, customers can simplify their financial management, reducing reliance on multiple credit cards and digitizing the entire process. &nbsp;<h2 class="heading-node" id="p1n7nxnt4" style="text-align: left">Key Features of Credit Line on UPI &nbsp;</h2><ul class="list-node" id="qnrqfdezg"><li>Instant Access to Credit: Seamlessly make payments without waiting for fund transfers.&nbsp;</li></ul><ul class="list-node" id="70n9jtw7z"><li>Flexible Repayment Options: Choose to repay the credit amount in full or through convenient installment plans.&nbsp;</li></ul><ul class="list-node" id="ru959qesn"><li>Secure Authentication: Transactions are secured with a UPI PIN to prevent unauthorized access. &nbsp;</li></ul>These features enhance the convenience, security, and flexibility of accessing credit via UPI, making it a valuable financial tool for users. &nbsp;<h2 class="heading-node" id="7o05js768" style="text-align: left">How Does Credit Line on UPI Work? &nbsp;</h2>Step 1: Apply for a Credit Line on UPI &nbsp;Visit your bank or apply online to get an UPI credit line, depending on how your bank offers onboarding services. You might want to submit additional documents or consents to your bank for their <a class="link" href="https://m2pfintech.com/blog/steps-in-credit-underwriting-why-using-an-alternative-source-of-data-and-behavior-metrics-will-be-of-help/">underwriting</a> process. &nbsp;Step 2: Bank Review &amp; Approval&nbsp;Your bank will evaluate your application and supporting documents to determine your creditworthiness and offer a credit limit. Once approved, you’ll receive a notification from the bank. &nbsp;Step 3: Link to your UPI App&nbsp;Once approved, navigate to a UPI app of your choice and add the credit line much like the process of adding your bank account. Simply click on ‘Add Credit Line,’ select your bank, and verify to complete the process.&nbsp;<img src="https://m2p-website-file.s3.ap-south-1.amazonaws.com/m2p-website-file/marketing-cms/m2p-blog/2024/08/credit-line-UPI-01.webp" alt="M2P Fintech" title="" width="100%" height="253">Step 4: Start using your Credit Line&nbsp;With your credit line linked to UPI, you can begin making payments using the credit line seamlessly. The same credit limit as your bank account will be available for transactions with merchants both online and offline.  &nbsp;<img src="https://m2p-website-file.s3.ap-south-1.amazonaws.com/m2p-website-file/marketing-cms/m2p-blog/2024/08/credit-line-UPI-02.webp" alt="M2P Fintech" title="" width="100%" height="253"><h2 class="heading-node" id="kktisyq6h" style="text-align: left">Benefits of Credit Line on UPI &nbsp;</h2><ul class="list-node" id="d3ycpdm3p"><li>Risk Reduction: Real-time UPI transaction data enables banks to make better-informed lending decisions and monitor credit usage effectively. &nbsp;</li></ul><ul class="list-node" id="6qhrrqub4"><li>Stronger Customer Loyalty: Offering innovative credit solutions enhances customer satisfaction and deepens relationships. &nbsp;</li></ul><ul class="list-node" id="3vvh60cnq"><li>Inclusivity for Non-Credit Card Holders: Access credit without needing a physical card, broadening financial inclusion for a wider demographic. &nbsp;</li></ul><ul class="list-node" id="toow0omzo"><li>Higher Activation/Consumption of credit: Increased revenue from interest and fees, while strengthening customer relationships and providing valuable data for tailored services. It also enhances the brand reputation, attracts new clients, and offers a competitive market advantage. &nbsp;</li></ul>Though credit line on UPI offers numerous benefits for businesses to innovate and refine their financial services, selecting the right tech stack solution provider is essential.  &nbsp;<h2 class="heading-node" id="fzaani4f4" style="text-align: left">M2P’s New Age Credit Stack&nbsp;</h2>M2P serves as your ultimate solution for enabling credit line functionality on UPI that comes along with our unified <a class="link" href="https://m2pfintech.com/blog/why-switch-to-a-new-age-credit-card-system/">credit stack</a>. Our platform empowers financial institutions with flexible lending solutions across various channels, ensuring widespread customer access.   &nbsp;With the ability to distribute credit seamlessly, our platform facilitates higher credit utilization and enables multiple credit lines for different brands and partners. Designed for speed, scalability, and customization, this tech stack stands as the benchmark for credit card operations.  &nbsp;<h2 class="heading-node" id="8wmlgg24s" style="text-align: left">Why M2P's Credit Line on UPI? &nbsp;</h2><img src="https://m2p-website-file.s3.ap-south-1.amazonaws.com/m2p-website-file/marketing-cms/m2p-blog/2024/08/credit-line-UPI-03.webp" alt="M2P Fintech" title="" width="100%" height="253"> &nbsp;Credit Line on UPI can also be used for a variety of financial needs.&nbsp;<h2 class="heading-node" id="8og40vtwd" style="text-align: left">Use Cases of Credit Line on UPI &nbsp;</h2>As the use of credit lines on UPI expands beyond everyday expenses and small-ticket purchases, businesses are increasingly recognizing the untapped potential for more specialized applications:&nbsp;<h3 class="heading-node" id="tj8dw64iz" style="text-align: left">Vehicle Loan Financing&nbsp;</h3><ul class="list-node" id="fmrg3289t"><li>Simplified Application Process: Streamline the application process for vehicle loans, making it more accessible to a wider number of borrowers. &nbsp;</li><li>Faster Disbursal: Funds can be disbursed directly to the vehicle seller via UPI, accelerating the loan process.&nbsp;</li><li>Flexible Repayment Options: &nbsp; Offers flexible repayment terms, such as monthly installments or balloon payments, to suit different financial needs.</li></ul><h3 class="heading-node" id="pe6dn5bmv" style="text-align: left">Travel Financing</h3><ul class="list-node" id="b9jujo1og"><li>Pre-Approved Credit for Travel Expenses: Travelers can use credit lines on UPI to book flights, hotels, and activities without worrying about upfront payments.</li><li>Emergency Funds: Offers a safety net for unexpected travel expenses, such as medical emergencies or flight cancellations.</li><li>Convenient Repayments: Travelers can conveniently repay their credit using UPI, even while on the go.&nbsp;</li></ul><h3 class="heading-node" id="tygr0uj1c" style="text-align: left">Loan Against Securities&nbsp;</h3><ul class="list-node" id="08rde4fpj"><li>Leverage Assets for Credit: Individuals and businesses can use their assets, such as property or securities as collateral to obtain credit lines through UPI.</li><li>Quick Access to Funds: Provides faster access to funds compared to traditional loan processes.</li><li>Easy Repayment Options: Borrowers can choose from various repayment terms and interest rates based on their financial situation.</li></ul>M2P’s Credit Line on UPI is a future-ready credit stack which is designed to empower businesses with a comprehensive lending framework, perfectly aligned with the evolving business landscape.&nbsp;Ready to empower your business with <a class="link" href="https://m2pfintech.com/credit-line-on-upi/">Credit Line on UPI</a>? &nbsp;<a class="link" href="https://m2pfintech.com/contact-us/">Get in touch</a> with our experts today .<a class="link fui-Link ___1idfs5o f3rmtva f1ewtqcl fyind8e f1k6fduh f1w7gpdv fk6fouc fjoy568 figsok6 f1hu3pq6 f11qmguv f19f4twv f1tyq0we f1g0x7ka fhxju0i f1qch9an f1cnd47f fqv5qza f1vmzxwi f1o700av f13mvf36 f1cmlufx f9n3di6 f1ids18y f1tx3yz7 f1deo86v f1eh06m1 f1iescvh ftqa4ok f2hkw1w fhgqx19 f1olyrje f1p93eir f1h8hb77 f1x7u7e9 f10aw75t fsle3fq f17ae5zn" href="https://m2pfintech.com/newsletter/" target="_blank" rel="noreferrer noopener">Subscribe</a>&nbsp;to our newsletter and get the latest fintech news, views, and insights, directly to your inbox.Follow us on&nbsp;<a class="link fui-Link ___1idfs5o f3rmtva f1ewtqcl fyind8e f1k6fduh f1w7gpdv fk6fouc fjoy568 figsok6 f1hu3pq6 f11qmguv f19f4twv f1tyq0we f1g0x7ka fhxju0i f1qch9an f1cnd47f fqv5qza f1vmzxwi f1o700av f13mvf36 f1cmlufx f9n3di6 f1ids18y f1tx3yz7 f1deo86v f1eh06m1 f1iescvh ftqa4ok f2hkw1w fhgqx19 f1olyrje f1p93eir f1h8hb77 f1x7u7e9 f10aw75t fsle3fq f17ae5zn" href="https://www.linkedin.com/company/m2pfintech/mycompany/" target="_blank" rel="noreferrer noopener">LinkedIn</a>&nbsp;and&nbsp;<a class="link fui-Link ___1idfs5o f3rmtva f1ewtqcl fyind8e f1k6fduh f1w7gpdv fk6fouc fjoy568 figsok6 f1hu3pq6 f11qmguv f19f4twv f1tyq0we f1g0x7ka fhxju0i f1qch9an f1cnd47f fqv5qza f1vmzxwi f1o700av f13mvf36 f1cmlufx f9n3di6 f1ids18y f1tx3yz7 f1deo86v f1eh06m1 f1iescvh ftqa4ok f2hkw1w fhgqx19 f1olyrje f1p93eir f1h8hb77 f1x7u7e9 f10aw75t fsle3fq f17ae5zn" href="https://twitter.com/m2pfintech" target="_blank" rel="noreferrer noopener">Twitter</a>&nbsp;for insightful fintech bytes curated for curious minds like you.

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