UPI-like platform for lending.. Coming Soon.

The central bank will launch a new technology platform for credit called the Unified Lending Interface (ULI) which will facilitate frictionless loans.

"Continuing on this journey of digitalisation of banking services, last year we launched the pilot of a technology platform which enables frictionless credit. From now on, we propose to call it the ULI. Based on our experience from the pilot project, a nationwide launch of the ULI will be done in due course," said RBI Governor Shaktikanta Das.