BharatPe Flex adds flexibility to Raksha Bandhan purchases
NATIONAL: Raksha Bandhan, a significant celebration in India, symbolises family unity and the exchange of gifts. The nature of consumer behavior during this occasion has transforme moving beyond traditional gifts to include tailored products, lifestyle items and experiences.
This shift necessitates versatile payment methods that favor digital transactions especially as spending rises during the festive season.
BharatPe Flex is an important solution for enhancing consumer spending flexibility during Raksha Bandhan, providing eligible users with up to INR 60,000 in just 60 seconds for UPI transactions. This service, part of BharatPe’s Credit-on-UPI initiative allows users to utilize a pre-approved credit line at eligible UPI merchants.
Users can enjoy up to 45 days of interest-free credit and flexible repayment options, streamlining both planned and daily expenditures during the festive period.
Key advantages of BharatPe Flex
- Credit-on-UPI: Utilize a pre-approved credit line for payments at eligible merchants.
- Interest-Free Credit: Access up to 45 days of interest-free repayment, subject to terms.
- Flexible Repayment: Options to either repay in full or convert certain expenditures into EMIs based on conditions.
- Wide Merchant Acceptance: Payments can be made using merchant QR codes and online.
- Transaction Rewards: Earn rewards on qualifying payments made with BharatPe UPI.
- Digital Management: Users can monitor their transactions, credit limits, and repayment details via the app.
To initiate BharatPe Flex, eligible users follow a straightforward digital onboarding process: downloading the BharatPe app, selecting the BharatPe Flex option, completing KYC, linking the credit line with UPI and setting up a UPI PIN for transactions.
Festive occasions in India often herald gold investment as a societal norm. To align with this tradition, Invest BharatPe offers new users a promotion of 3% Free Gold on their first investment with a minimum investment starting at ₹100 in 24K Gold.
This initiative encourages users to incorporate gold investment into their festive financial strategies.
Overall, BharatPe enhances financial management by offering comprehensive solutions—from payments and credit usage to investment opportunities—tailored to cater to the dynamically evolving needs of consumers during festive periods.