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Payment apps open pilots to cash in on NPCI’s new UPI Circle

Economic Times · 6m

Major payment applications like Amazon Pay, Google Pay, and Bhim are testing a new feature called UPI Circle on Unified Payments Interface (UPI). UPI Circle allows users to delegate payments from their UPI-linked account to others, such as their children. It provides a secure way for secondary users to make transactions, with options for the primary user to authenticate each transaction or set transaction limits. This feature aims to attract new users, especially young consumers and the elderly, and create a more inclusive and convenient financial ecosystem.