FinTech 04 November 2026
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.
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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