How to Stop Flexi on PalmPay on iPhone 2024

Stop Flexi PalmPay iPhone

Learn How to Stop Flexi on PalmPay on iPhone.

Flexi on Palmpay is a convenient feature that allows you to access a credit line for various needs. However, there might come a time when you no longer need this credit and want to deactivate it.

This post uncovers the steps on how to stop Flexi on Palmpay on your iPhone and more…

About Flexi on PalmPay

Before go into the deactivation process, let’s understand what Flexi is. Flexi is a credit line offered by Palmpay, a mobile payment platform, that allows you to borrow a certain amount of funds and use it for various purposes. You only pay interest on the amount you use, and you can choose to repay it in installments or in full.

How to Stop Flexi on PalmPay on iPhone

Here’s a step-by-step guide on how to deactivate Flexi on your iPhone:

  • Use Palmpay app, sign in.
  • Now, tap the “Me” tab. You’ll see it at the down-right part of your screen.
  • On the “Me” page, find and tap the “Flexi” option.
  • You’ll see your Flexi limit and available balance. Scroll down and tap on the “Manage Flexi” button.
  • On the “Manage Flexi” page, you’ll find an option called “Deactivate Flexi.” Tap on it.
  • A confirmation pop-up will appear, asking you to confirm your decision to deactivate Flexi. Read the information carefully, then tap “Confirm” to proceed.

You’ll receive a confirmation message stating that your Flexi has been successfully deactivated.

Some More Considerations to Stop Flexi on Palmpay

What happens to your existing Flexi balance?

If you have any outstanding balance on your Flexi account at the time of deactivation, you’ll still be responsible for paying it back according to the terms and conditions. You can continue using your Flexi balance until it’s fully repaid.

Can you use Flexi again after stopping it?

Yes, you can reactivate your Flexi account in the future. However, you might need to undergo a new credit assessment process.

Conclusion

Deactivating Flexi on Palmpay is a straightforward process that can be done within the app. Remember that deactivating Flexi doesn’t erase any outstanding balance you might have. It’s crucial to use Flexi responsibly, understand the terms and conditions, and only borrow what you can afford to repay on time.