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New Delhi: With an aim to drive new growth in digital payments the National Payments Corporation of India (NPCI) is reportedly focusing on promoting credit products on the UPI network. After RuPay credit cards and credit lines on UPI the next step will be to enable UPI payments to be converted into EMIs. According to the reports NPCI will soon allow fintech companies to add an EMI payment feature enabling customers to instantly convert UPI payments into EMIs. Although fintech companies have not yet gone live with this product NPCI could use it to boost credit transactions on UPI. It will be somewhat similar to what happens with card payments at a Point of Sale (PoS) terminal where a customer can convert a card swipe into an EMI directly at the terminal. Here are some of the key details: NPCI is likely to introduce new feature at a time when RuPay credit cards on UPI have become quite popular. At the same time credit lines have also been made available on the UPI network. Some banks have already started offering credit lines to UPI users in collaboration with fintech companies like Navi and Paytm. Rajeev Naresh CEO of Navi says that currently they are not live with EMI but the next version will allow customers to split payments into EMIs while scanning a QR code (subject to certain terms and conditions). While talking to ET Now a founder of a fintech startup based in Gurugram said that NPCI has decided to charge about a 1.5% interchange fee on credit lines on UPI. This means there is definitely an opportunity to generate revenue. Last week while speaking to ET PayU CEO Anirban Mukherjee had pointed towards the emerging opportunities around instant credit on UPI.