UPI Circle: Revolutionizing Shared Digital Payments in India

• The UPI Circle-Delegate Payments feature allows primary UPI account holders to delegate transaction rights to secondary users, enhancing shared financial management.
• This feature is particularly useful for families, joint account holders, and businesses, enabling shared access to a single UPI-linked bank account.
• Full delegation allows secondary users to make payments independently, while partial delegation requires primary user approval for transactions.
• The linking process involves scanning a QR code or selecting contacts from the phone, with security measures like passcodes or biometric authentication.
• Key beneficiaries include family members, employees, and rural users, promoting financial inclusion and convenience.

Source: Times of India