TransUnion CIBIL partners with NBSL
to bring credit awareness to UPI users
Mumbai : TransUnion CIBIL, India’s leading credit information company,
today announced the integration of the consumer CIBIL Score and Credit
Information Report (CIR) into BHIM Payments App, India’s homegrown payment app developed
by NPCI BHIM Services Limited (NBSL). The integration
enables BHIM App users to securely access, view, and track their CIBIL Score
and key credit information directly within the app, empowering them with
greater visibility of their credit health. Aligned
with regulatory guidelines, the integration follows a customer consent-based
model where credit information is accessed only after the user’s approval,
ensuring transparency and control.
TransUnion CIBIL and NBSL are two premier institutions that are important
to India’s financial and digital payments ecosystem. By embedding the CIBIL
Score into the BHIM App, the integration places credit awareness alongside
everyday financial activities. This enables consumers to make more informed
financial decisions by accessing trusted credit information conveniently and
securely in a familiar environment.
The
BHIM Payments App is designed to support users in managing their everyday
financial needs. Built for Indian users, it supports 15+ Indian languages and
offers a simple, easy to navigate interface, making it accessible across urban,
rural, and semi urban regions. It already enables users to manage money through
features like Split Expenses, Family Mode, Spends Analytics, and Action Needed
reminders. With the addition of the CIBIL Score, BHIM takes this a step further
by helping users not just transact but also stay informed about their credit
profile.
Commenting on the association, Mr. Bhavesh Jain, MD and CEO, TransUnion
CIBIL, said: “Credit awareness and credit inclusion are at the centre of a strong
and resilient credit ecosystem. The BHIM Payments App will enable CIBIL Score
and Credit Information Report to be easily accessible to its millions of users.
As India moves from a largely transactional approach towards credit to a more carefully
planned one, this is an important step in our consumer awareness journey. It
supports the development of a better informed, empowered and inclusive credit
environment, in keeping with our purpose of driving ‘Information for Good’.”
Lalitha Nataraj, MD & CEO, NPCI BHIM Services Ltd, said: “BHIM Payments App has been built with a clear
focus on simplicity and user control. Through our collaboration with TransUnion
CIBIL, we are extending this approach to credit awareness, enabling users to
access their CIBIL Score easily within the BHIM App. This is a step towards
helping users make more informed financial decisions as part of their everyday
journeys.”
The feature is live on BHIM Payments App version 4.0.19 and above.