CARD91 Introduces Nimbus: Revolutionary Credit Line on UPI Stack
Simplifying the Complexity Involved in Offering and Accessing Credit
BENGALURU, India, June 25, 2024 /PRNewswire/ — CARD91, a leading Technology Service Provider in the payment issuance infrastructure space, proudly announces the launch of its revolutionary Credit Line Management System (CLMS) with UPI Stack: Nimbus. Following the successful introduction of its Credit Card Management System, CARD91’s latest product addresses the varied needs of Credit Issuers and their customers.
With Nimbus, Issuer Banks can effortlessly design and configure tailored credit schemes while ensuring 100% compliance with regulations. CARD91 focuses on simplifying processes for Issuers, allowing them to concentrate on their unique business aspects while efficiently managing routine tasks.
Unique Features of Nimbus:
- Highly Configurable: Issuers can design and customise credit schemes—interest-free, interest-bearing, revolving credit, and EMI loans—to cater to diverse target segments. They can also add bespoke templates for fees, rewards, and repayment plans.
- Modular Design: CARD91’s advanced modular framework allows issuers to easily customise, expand, and integrate features, ensuring the system evolves with their business needs.
- Regulatory Compliance: CARD91’s Nimbus guarantees 100% compliance with regulations, preventing any deviations.
- Easy Integration: Designed from first principles, Nimbus integrates seamlessly with a Bank’s CBS, Mobile App, Net Banking, CRM, and other systems.
- Certified for UPI 2.0: CARD91’s UPI 2.0-certified switch comes pre-integrated with the CLMS, removing concerns about the additional load on existing UPI infrastructure.
Ajay Pandey, CEO of CARD91, stated, “The introduction of a credit line on UPI marks a pivotal moment in the credit landscape, harnessing the convenience of UPI to empower borrowers. CARD91’s Nimbus has been meticulously crafted using a design thinking approach to specifically cater to the needs of credit issuers and their customers. We are confident that our feature-rich yet straightforward offering will revolutionize how credit is accessed and utilized. Our goal is to make a meaningful contribution to enhancing access to credit in Bharat, thereby supporting nation-building”
About CARD91:
CARD91 is an Issuance Platform-as-a-Service company providing unparalleled technology infrastructure to Banks, Prepaid License holders, and Authorised Dealers. The company helps them issue various payment instruments (PPI, Debit, Credit, Multi-Currency, UPI, and now, Credit Line on UPI) to their customers. This enables faster decision-making, enhanced control, and better transaction visibility. CARD91’s support for multiple use cases aligns with its vision of making issuance seamless and swift for Issuers.
For more information, visit CARD91’s website
Logo: https://mma.prnewswire.com/media/2446086/Card91_Logo.jpg
View original content to download multimedia:https://www.prnewswire.com/in/news-releases/card91-introduces-nimbus-revolutionary-credit-line-on-upi-stack-302181137.html
