BharatPe launched Credit line for Merchants
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BharatPe, the Delhi-based payments startup has announced short term credit options for merchants. They will be offering loans in the range of Rs 10k to Rs 1lakh at a monthly interest rate of 1.67%. BharatPe is also planning to apply for its own lending license to lend to merchants who are accepting payment using BharatPe QR codes. For now, the startup has joined hands with Apollo Finvest to enable lending on its platform.