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Axis Bank launches India’s 1st gold-backed credit line on UPI powered by Freecharge
Millennium Post Delhi
|New Delhi 30September2025
MUMBAI: Axis Bank, one of the largest private sector banks in India, in collaboration with Freecharge, has unveiled Credit on UPI with Gold Loans - India’s first gold-backed credit line accessible through the UPI. This innovative product is designed to unlock the economic potential of gold assets, especially for MSMEs, self-employed entrepreneurs and merchants across both urban and rural India.
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Credit on UPI with Gold Loans enables customers to access instant credit against their gold holdings. The product is available to existing Axis Bank customers across all branches processing gold loans and offers a completely digital journey for utilization and repayments, eliminating the need for physical branch visits post onboarding.
Diese Geschichte stammt aus der New Delhi 30September2025-Ausgabe von Millennium Post Delhi.
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