Chennai: Avail Finance, a neo-bank that provides products and offerings for the blue-collared workforce of India, has launched ‘CreditATM’, a credit line for its prime audience.
With a one-time application and lifetime credit system, Avail Finance aims to provide support through a modern credit line in times of cash crunch to survive the month, a statement said.
Keeping the virtual credit card model, a user can make payments via QR code or even withdraw cash from the account, it added.