UPI Circle Revolutionizes User Payments with New Feature in India
NPCI Rolls Out UPI Circle
In a significant development, NPCI has introduced the UPI Circle feature aimed at enhancing payment accessibility. UPI Circle allows primary users—those with UPI-linked bank accounts—to authorize secondary users for transactions, even if they don’t have their own UPI accounts.
Feature Details and Security Measures
Users can add trusted contacts as secondary users by scanning QR codes or entering their UPI IDs within the app. Importantly, they must secure their app with passcodes or biometrics before initiating transactions.
Delegation Types and Limits
- Partial Delegation: Requires approval from primary users for each transaction.
- Full Delegation: Allows secondary users to transact independently within set limits.
NPCI established a maximum monthly delegation limit of Rs. 15,000, with single transactions capped at Rs. 5,000. This ensures a balance between convenience and security, as primary users maintain oversight of secondary user activities.
Overall, UPI Circle significantly expands the functionality of UPI in India, empowering users and promoting financial inclusion.
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.