This system could significantly expand UPI's reach by catering to underserved groups like non-tech-savvy elders and rural families. By allowing one account to serve multiple users with restrictions, it encourages people to adopt UPI for daily expenses. It can also reduce the reliance on cash and strengthen the digital payment ecosystem, especially in regions where financial literacy is low.
By making UPI more versatile, Delegated UPI Payments appeal to a broader audience. This feature could increase adoption among businesses, households, and even community groups that rely on shared finances. Its potential for inclusivity and adaptability positions it as a game-changer for the Indian payment ecosystem, driving financial digitization in previously untouched areas.
