ICICI Bank has launched an EMI feature for UPI payments via QR code scanning

Current Context: ICICI Bank introduces EMI facility for UPI payments by scanning QR code is a new feature launched by the bank on April 11, 2023, to offer more convenience and affordability to its customers.

• The feature allows customers who are eligible for PayLater, the bank’s ‘buy now, pay later’ service, to convert their UPI payments into easy installments by simply scanning the merchant QR code at a store.

Question: 

Q.1 What is the minimum transaction amount required to avail the EMI facility for UPI payments by scanning QR codes introduced by ICICI Bank?
a. 5,000
b. 10,000
c. 15,000
d. 20,000