Fibe Enters India's UPI Payments Market After Securing NPCI Approval

Another fintech player is stepping into India's rapidly growing digital payments ecosystem! Digital lending platform Fibe has launched UPI payment services on its app after receiving approval from the National Payments Corporation of India (NPCI) to operate as a Third-Party Application Provider (TPAP).

The service will be available to users across India, including those who are not existing Fibe customers. Users can make payments through linked bank accounts, RuPay credit cards and eligible credit lines on UPI. Led by Managing Director and Group CEO Akshay Mehrotra, Fibe's latest move marks an expansion beyond lending into everyday digital payments, strengthening its presence in India's fintech ecosystem.

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