May 23, 2025

ICICI Bank has recently announced the closure of its PayLater accounts on UPI for all customers. This decision has left many account holders in a state of confusion and concern. The PayLater feature allowed customers to make transactions on a credit basis, which was then to be repaid within a specified timeframe. However, with the recent closure, customers are now left wondering about the impact on their transactions and financial planning. In response to customer queries, the bank has clarified that the closure of PayLater accounts will not affect the existing transactions and amounts due. Customers are requested to clear any outstanding dues within the stipulated time frames as communicated earlier. Moving forward, customers can explore other alternative payment options provided by the bank. The closure of the PayLater accounts is a strategic decision taken by ICICI Bank to streamline its services and offerings. While some customers may find this change inconvenient, it is essential for the bank to adapt its products in line with market trends and customer needs. Overall, the closure of the PayLater feature on UPI reflects the dynamic nature of the banking sector and the constant evolution of financial services. ICICI Bank remains committed to providing innovative and customer-centric solutions to meet the evolving needs of its users.

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Tags: Icici bank, Paylater, Upi, Credit line,