ULI is set to revolutionize lending just like UPI did for payments. Curious about how they compare?
ULI will digitize the lending process, streamlining credit appraisals and speeding up loan approvals, especially for small borrowers.
UPI launched in 2016, merged bank accounts into a single app, enabling instant, hassle-free digital payments.
ULI will use standardized APIs for easy data access, reducing paperwork and making credit decisions faster and more efficient.
UPI’s standardized APIs allowed easy integration across banks, enabling real-time payments and boosting digital transactions.
As UPI did for payments, ULI is poised to transform lending, making credit accessible and faster for millions across India.
Together, ULI and UPI represent India’s ongoing digital transformation, reshaping both payments and lending for the future.