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Kiwi’s Interest-Backed EMI on UPI: Cashback on Interest

6 October 20251 min read
BANKING & FINANCEKiwi’sInterest-Backed EMIon UPI: Cashback onInterest6 October 2025safalsetu.com

Why in the news

Kiwi, a fintech company, announced what it calls India’s first interest-backed EMI feature on UPI, amid a push to widen credit through instant payment rails.

Key facts

  • Company: Kiwi (fintech).
  • Feature: big UPI payments split into EMIs, with cashback equal to the interest the user pays.
  • Aim: promote credit-based UPI payments and lower the effective cost of borrowing.

Exam angle

  • Who: Kiwi. What: interest-backed EMI on UPI with cashback.
  • Related terms: credit on UPI, instalments, effective borrowing cost.

Test yourself

1. Which fintech firm launched India's first interest-backed EMI option on UPI payments in October 2025?

Kiwi announced the interest-backed EMI feature on UPI.

2. What do users get under Kiwi's interest-backed EMI on UPI?

Users earn cashback matching the interest on their instalments.

3. Kiwi's interest-backed EMI feature is offered on which payment system?

It converts high-value UPI payments into instalments.

This topic is part of Daily Current Affairs 4 October 2025 (15 topics).

All topics of the dayDay quizOctober 2025

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