Collaboration in Enterprise Software: Google Unveils UPI Circle, eRupi & ClickPay QR
Collaboration in Enterprise Software: Google Unveils UPI Circle, eRupi & ClickPay QR
As the Global Fintech Fest 2024 wrapped up today, tech giant Google has announced a slew of new features aimed at enhancing collaboration in enterprise software. These include UPI Circle, eRupi, and ClickPay QR for bill payments, all expected to roll out to Google Pay users later this year.
Announcing UPI Circle
Google has teamed up with the National Payments Corporation of India to launch UPI Circle, a feature allowing users’ trusted contacts to make payments without needing to link their bank accounts. The monthly limit for secondary users is capped at INR 15,000.
Integration of eRupi into Google Pay
In response to the rapidly growing digital payments landscape, Google is integrating eRupi into the Google Pay app. This will enable users to make payments using a prepaid voucher linked to their mobile number.
New ClickPay QR Feature
Further enhancing its payment processing capabilities, Google has partnered with NPCI Bharat BillPay to introduce the ClickPay QR feature. This innovation allows users to settle their bills simply by scanning a QR code.
Additional Features to Streamline Payments
- Prepaid Utilities: A new feature for tracking all recurring payments.
- Tap and Pay: Enabling contactless payments via Google Pay for RuPay cards.
- Automatic Top-Ups: Users can soon make automatic top-ups to their UPI Lite wallets.
These updates come amid stiff competition from fintech startups like Paytm and PhonePe, which are expanding their product offerings to attract more users. Google Pay and PhonePe are currently dominant players in the UPI ecosystem, with significant market shares as reported by NPCI.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.