Payments

Card91 intros credit line management system Nimbus

Photo: Adobe Stock

July 12, 2024

Card91, a payments technology provider, launched Nimbus, a credit line management system with UPI Stack. With this solution, banks can design credit scheme while also complying with regulations, according to a press release.

Key features include:

• Can be customized to offer interest-free, interest bearing, EMI loans and more.
• Can integrate with bank's mobile app, CRM and other systems.
• Certified for United Payments Interface 2.0.

"The introduction of a credit line on UPI marks a pivotal moment in the credit landscape, harnessing the convenience of UPI to empower borrowers," Ajay Pandey, CEO of Card91, said in the release. "CARD91's Nimbus has been meticulously crafted using a design thinking approach to specifically cater to the needs of credit issuers and their customers. We are confident that our feature-rich yet straightforward offering will revolutionize how credit is accessed and utilized. Our goal is to make a meaningful contribution to enhancing access to credit in Bharat, thereby supporting nation-building."