The new UPI Circle feature allows you to share UPI access with a secondary user, even if they don’t have a bank account linked.
The latest UPI update introduces UPI Circle, a groundbreaking feature that fundamentally transforms digital payment accessibility. This innovative functionality enables users to share their UPI access with secondary users who may not have a bank account directly linked to UPI. The feature represents a significant leap in financial inclusivity, allowing seamless transactions with minimal primary user involvement. By creating more flexible payments, UPI Circle addresses critical challenges of traditional digital payment systems. The mechanism provides a structured approach for users to grant controlled access to their payment platforms, resulting in security and also expanding transactional possibilities. This development signals a progressive approach to digital financial services, potentially bringing millions of unbanked or partially banked individuals into the formal financial network through a more adaptable, user-friendly platform.
