SINGAPORE, Aug. 26, 2026 /PRNewswire/ — A subsidiary of Jin Jiang Hotels, a leading global hospitality company, has established a strategic collaboration with the leading international travel service provider Trip.com Travel Singapore Pte. Ltd., to deliver value to travelers visiting the ASEAN region. The two companies signed a three-year MoU that will see them cooperate in leveraging their respective ecosystems and platform strengths across ten ASEAN nations — Singapore, Thailand, Malaysia, Indonesia, Vietnam, the Philippines, Cambodia, Myanmar, Laos, and Brunei — to jointly drive brand equity and further develop hospitality ecosystems in the ASEAN region.

Building a New Model for ASEAN Hospitality Collaboration

This long-term strategic alliance is rooted in resource exchange, shared strengths, and co-marketing. A key highlight is the introduction of a unified fixed commission structure for participating properties of the subsidiary of Jin Jiang Hotels across the ASEAN nations covered by the MoU. This standardized framework will replace traditional, volatile floating commission models to improve commercial transparency, enhance cost predictability, and provide a more stable foundation for sustainable, higher-certainty growth for the hotel franchisee.

Accelerating a New ‘Tourism + Accommodation’ Ecosystem

The cooperation will also leverage the two companies’ complementary strengths across the travel value chain to create a seamless, full-service loop spanning cross-border booking, destination activities, localized stays, and after-sales support. The powerful synergy between the offline hospitality portfolio of the subsidiary of Jin Jiang Hotels and Trip.com’s online global traffic will address the critical pain point of overseas customer acquisition for ASEAN hotels, significantly boosting local occupancy rates and diversifying the guest mix through an integrated, one-stop solution.

Deepening their collaboration through joint marketing and resource integration will enable the companies to build an integrated “tourism + accommodation” ecosystem across ASEAN aimed at strengthening tourism connectivity, supporting local hospitality ecosystems, and delivering value to travelers.

In parallel to this strategic cooperation, the subsidiary of Jin Jiang Hotels has established a robust localized footprint in Southeast Asia, deploying dedicated development and operations teams in Malaysia, Indonesia, and Vietnam. By leveraging its high-quality standards, intelligent systems, and the GPP (Global Purchasing Platform), the subsidiary of Jin Jiang Hotels is smoothly adapting to regional habits while driving local economic synergy. This infrastructure will ultimately accelerate the company’s tailored, brand-led, and scalable international development, providing support for upcoming property openings across Southeast Asia and driving growth with a deeper localized presence.

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SOURCE Jin Jiang Hotels

The issuer-readiness framework focuses on keeping credit records aligned across different facilities, payments, refunds, reversals, repayments and EMI conversions

BENGALURU, India, Aug. 26, 2026 /PRNewswire/ — CARD91, a payments infrastructure company, today introduced its Credit Lifecycle Consistency Framework, a five-point industry framework designed to help banks assess their operational readiness for Credit Line on UPI (CLOU).

The framework focuses on ensuring that credit limits, outstanding balances and customer records remain accurate as payments move through refunds, reversals, repayments, EMI conversions and other lifecycle events.

The announcement comes as UPI enters its second decade. According to the Press Information Bureau, the network now connects 741 live banks and processed 2,365.8 crore transactions worth ₹29.87 lakh crore in July 2026. These figures represent the overall UPI network and demonstrate the operating scale within which UPI-based credit is developing.

The RBI’s Fourth Amendment Directions on Credit Facilities, issued on June 23, 2026, clarified that the prudential treatment of UPI-linked credit must be determined by the nature of the underlying credit facility—not by the payment channel, instrument or technology used. The facility’s terms must also form part of the bank’s credit policy and comply with applicable regulations.

A successful UPI payment is only one event in a continuing credit relationship. Subsequent refunds, reversals, repayments or EMI conversions can alter the customer’s available credit, outstanding dues and repayment schedule.

“Speed gets the customer through checkout, but consistency determines whether they trust the credit product,” said Ajay Pandey, CEO, CARD91. “Each payment and subsequent credit event must receive the correct treatment for the underlying facility so that the bank and the customer continue to see the same financial position.”

The Credit Lifecycle Consistency Framework

1. Apply facility-specific credit treatment

Interest-free, interest-bearing, fixed-term and revolving facilities may require different treatment of limits, repayments, refunds and outstanding balances.

2. Connect payment and credit records

UPI transactions and subsequent credit events should remain connected with the appropriate customer account. Refunds, reversals and repayments must update the relevant records accurately.

3. Align controls with bank policy

Transaction value, velocity and merchant-category controls—as well as portfolio actions such as limit changes and suspensions—should reflect the bank’s credit policy and customer consent.

4. Reconcile repayments and EMI conversions

Repayments should be applied to the correct account, while EMI conversions should update the instalment schedule without duplicating the outstanding amount.

5. Maintain customer visibility and traceability

Available credit, outstanding dues and repayment obligations should remain consistent across applications, statements and alerts. Disputes, delayed reversals and manual corrections should follow a documented and reviewable process.

Lifecycle consistency means updating the appropriate credit records as each event is processed. The framework does not prescribe a universal processing timeframe or replace RBI requirements and individual bank credit policies.

For example, if a customer uses ₹10,000 from a ₹50,000 revolving credit line, the available credit would ordinarily fall to ₹40,000. Any subsequent refund, reversal, repayment or EMI conversion must update the relevant records according to the facility’s terms. A fixed-term loan may require different treatment, reinforcing why payment processing cannot be separated from the underlying credit product.

Where CLOU is delivered through a digital-lending journey, the RBI Digital Lending Directions, 2025 may also apply to credit assessment, disclosures, servicing, repayment, grievance redressal and credit-information reporting.

CARD91’s perspective is informed by its work on Nimbus, its Credit Line Management System. Nimbus supports different credit structures and connects credit lifecycle management with CARD91’s NPCI-certified UPI 2.0 switch. Its publicly described capabilities include transaction and portfolio controls, consent management, EMI conversion, reconciliation and dispute resolution.

Technology should not determine lending policy or replace regulatory judgement. Its role is to help keep bank policy, transaction records and customer credit positions aligned.

As credit becomes an additional funding source on UPI, its next trust test will begin after the payment: whether every subsequent credit event leaves the bank and the customer with the same financial truth.

About CARD91

CARD91 is a payments and onboarding risk infrastructure provider, enabling regulated entities to launch and scale customer programs with ease. The platform supports seamless onboarding journeys, fraud detection, credit decisioning, card issuance across credit, prepaid, and forex, and UPI stack capabilities across issuance and acquiring.

Through its NPCI-certified capabilities and technology stack, CARD91 helps institutions design bespoke customer payment programs and market them with speed, security, and a seamless digital experience. Built by a team of bankers and technologists and proudly made in India, CARD91 operates across key financial hubs, including Mumbai, Bangalore, Delhi, and Chennai.

For more information, visit https://card91.io/ or contact sales@card91.io.

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BENGALURU, India, Aug. 26, 2026 /PRNewswire/ — The Reserve Bank of India’s latest draft regulations proposing restrictions on revolving credit facilities for most NBFCs could mark a significant shift in the way lenders design and manage credit-line products.

Under the proposed framework, NBFCs would generally be required to offer credit products in the nature of term loans, rather than revolving facilities where repayment of principal automatically restores the available borrowing limit. The proposed change could have implications for several lending products that currently rely on drawdown, repayment and redraw mechanisms.

While the regulatory change will require lenders to reassess their product structures, it also presents a technology challenge. NBFCs will need lending platforms capable of supporting multiple drawdowns, individual repayment schedules, amortisation and servicing workflows, while ensuring that repaid principal does not automatically replenish the sanctioned limit.

SwiffyLabs Lending Platform is already equipped to support this construct.

The platform supports a non-revolving credit-line structure that allows NBFCs to retain the operational flexibility of multiple drawdowns within an approved sanction, while ensuring that principal once repaid does not replenish the available sanctioned amount. This provides lenders with a technology-led pathway to adapt existing products to the proposed regulatory framework without fundamentally redesigning their customer journeys.

The capability can be particularly relevant for products such as Loan Against Securities (LAS) and other credit-line offerings that traditionally rely on flexible drawdown and repayment mechanisms. By supporting multiple drawdowns while maintaining a non-replenishing sanctioned limit, SwiffyLabs enables lenders to transition these products towards a term-loan construct with minimal product and technology disruption.

“Regulatory changes of this nature require lenders to rethink not just their product structures, but also the underlying technology that manages those products,” said Vivek Sinha, VP Products, SwiffyLabs. “Our objective has always been to build a lending platform that can give financial institutions the flexibility to launch and adapt credit products while maintaining strong regulatory alignment. The non-revolving credit construct is an example of how technology can help NBFCs respond to evolving regulatory requirements without compromising customer experience.”

The proposed RBI framework is likely to prompt NBFCs to evaluate their existing credit products, technology architecture and operational processes. For lenders with significant exposure to revolving or flexible credit products, the ability to transition to compliant structures without extensive technology redevelopment could become an important consideration.

About SwiffyLabs

SwiffyLabs is a next-generation technology platform for the BFSI sector, enabling financial institutions to build, launch and scale digital financial products through its integrated suite of Lending, Payments and SwiffyLabs Studios. Its Lending platform provides a modular technology stack spanning loan origination, loan management, collateral management, risk workflows, servicing and digital product journeys across multiple credit products, while its Payments platform enables institutions to build and manage digital payment products and transaction workflows. SwiffyLabs Studios provides configurable, plug-and-play technology components that help financial institutions solve specific operational and technology challenges, including reconciliation, automation and other high-efficiency workflows, without requiring large-scale technology redevelopment. Built on a modular and API-first architecture, SwiffyLabs enables institutions to configure products faster, integrate with existing technology ecosystems and adapt to evolving regulatory and business requirements with greater speed, flexibility and cost efficiency.

For more information, visit the website www.swiffylabs.com.

Media Contact

Ajita Chakladar
Email: sales@swiffylabs.com 

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