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Chirag

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&OTHERS • 3m

“Scan Now, Regret Later?” - Is India headed towards turning every QR code into a credit line. UPI Credit is exploding. With a single scan, you can now borrow money in seconds—no OTPs, no paperwork. Seamless, frictionless, and kind of magical. Fintech players like PhonePe, LazyPay, Simpl and OneCard etc. have made credit ridiculously easy to access. Kudos to their product teams—this is financial UX at its best. This indeed is a progress and good for people who know how to utilise credit properly. But here’s the other side… Are we building a culture of convenience or a debt trap in disguise? Specially for the youth of India. With India’s low financial literacy and the “Buy Now, Worry Later” mindset growing, this ease of credit might be too much of a good thing. It’s no longer about can you borrow—but should you? Who ensures the user understands the risks? Who bears the burden when defaults rise? Are we empowering Bharat or silently setting it up to fail?

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