Rio announced the launch of its UPI app; users to get seamless access to credit for UPI payments

Rio, an Indian fintech company, has announced the release of their UPI app, which gives customers easy access to credit for UPI transactions. Rio has concurrently introduced the co-branded Yes Bank Rio RuPay Credit Card in collaboration with Yes Bank and UPI developer NPCI.

By fusing the advantages of credit with the convenience and accessibility of UPI, the collaboration seeks to completely transform how customers obtain and utilize credit.

Users can use the Yes Bank Rio RuPay Credit Card to make purchases at more than 100 million merchant locations in India using UPI. With a credit limit of up to Rs 5 lakh, no fees, and exclusive perks, it is made for today's customer.

The collaboration intends to meet the increasing need for easily accessible and effective financial solutions, especially in Tier 2 and Tier 3 cities.

Within a month of its beta debut, the company reports that it got applications from more than 244 Indian cities, with 60% coming from Tier 2 and Tier 3 cities.