Digital Lending Platform Fibe Enters UPI Payments Segment Following NPCI Approval

Why in the News?

Leading digital lending platform **Fibe** has expanded its financial services portfolio by launching **UPI payments** on its app, following official approval from the National Payments Corporation of India (**NPCI**) to operate as a Third-Party Application Provider (**TPAP**).

Key Features / Major Points:

- Wide Consumer Access:

- The UPI payment feature is accessible to all consumers across India through the Fibe app, including non-existing Fibe users.

- Linked Payment Channels:

- Users can execute transactions using linked bank accounts, **RuPay credit cards**, and approved credit lines integrated with UPI.

- Portfolio Diversification:

- Marks Fibe's formal entry into the digital payments landscape. Fibe already operates across credit cards, fixed deposits (FDs), loans against mutual funds, healthcare, education, and solar rooftop financing.

- Leadership Statement:

- Highlighted by **Akshay Mehrotra**, Managing Director and Group CEO of Fibe, emphasizing customer choice and everyday digital payment control.

---

Static GK Facts:

- National Payments Corporation of India (NPCI):

- Established: **2008** (An initiative of RBI and IBA) | Headquarters: **Mumbai, Maharashtra**.

- Managing Director & CEO: **Dilip Asbe**.

- Unified Payments Interface (UPI):

- Developed and launched by NPCI in **2016** as an instant real-time payment system.

One-Liner Quiz (All Competitive Exams):

Q: Which digital lending platform received TPAP approval from NPCI to launch UPI services on its app?

A: Fibe

Q: Who is the Managing Director and Group CEO of Fibe?

A: Akshay Mehrotra

Q: Which organization operates and manages the Unified Payments Interface (UPI) infrastructure in India?

A: NPCI (National Payments Corporation of India)

#Fibe #UPI #NPCI #TPAP #Fintech #DigitalPayments #CurrentAffairs #StaticGK