Current Affairs · Banking and Finance
In October 2025, Axis Bank, in partnership with Freecharge, launched a unique financial product under UPI. Which of the following statements about this launch is/are incorrect? 1. Axis Bank and Freecharge together launched India's first gold-backed credit line available through UPI. 2. The product was launched following guidelines issued by NPCI to expand micro-credit for salaried employees only. 3. It aims to provide quick, flexible, and affordable access to credit for MSMEs, merchants, and self-employed individuals.
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