Knight Aurix Pay is a cutting-edge UPI credit solution developed by Knight FinTech. It empowers financial institutions to offer instant credit through the Unified Payments Interface (UPI), enhancing customer experience and expanding access to credit. The platform is designed to streamline credit management, support new-to-credit customers, and provide flexible repayment options—all through a seamless digital interface.

Features

Partner Onboarding & Integration Knight FinTech assists partners in integrating Aurix Pay into their platforms, customizing the app to meet specific business and customer needs. Enable UPI Credit for Customers Once integrated, customers can access credit directly through their UPI accounts, ensuring a smooth and secure experience. Instant Credit Limits Credit limits are set instantly based on customer profiles and transaction history, enabling effortless credit management. Transaction Monitoring & Repayment Management A comprehensive dashboard allows institutions to monitor transactions, track credit usage, and manage repayments within the platform. New-to-Credit Customer Empowerment Aurix Pay uses advanced analytics to assess risk and extend credit to NTC (New-to-Credit) customers responsibly. UPI Network Utilization Leverages UPI’s widespread adoption to maximize reach and accessibility for customers. Automated Credit Journey Offers a fully automated application and approval process, enhancing customer satisfaction with instant credit limits. Variant 1: Credit Card-Like Features Provides flexible payments, rewards, and familiar credit card functionalities via UPI. Variant 2: Overdraft-Like Features Offers overdraft convenience with instant access to funds and flexible repayment options.

Benefits

For Financial Institutions:

• Rapid onboarding and integration
• Expanded customer base
• Enhanced credit management
• Real-time monitoring and analytics
• Increased operational efficiency For Customers:
• Instant access to credit via UPI
• Flexible repayment options
• Familiar credit card and overdraft features
• Simplified application process
• Support for new-to-credit users General Benefits:
• Seamless digital experience
• Secure and scalable infrastructure
• Increased financial inclusion
• Customizable workflows