UPI pre-sanctioned credit line different from BNPL: RBI Deputy Guv

RBI Deputy Governor M Rajeshwar Rao on Thursday said the newly announced measure of permitting operations of pre-sanctioned credit lines by banks through UPI is different from buy-now-pay-later (BNPL). "The guidelines are clear where the sanctioned limit into the account and then the transfer will take place," he added while addressing the media after the monetary policy committee meeting.