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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
3mo ago1.7K1.7K views
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