UPI Circle: Your Bank Account, Your Money – It Can Now be Spent By Others
Here Comes A Revolutionary Feature of UPI
You hear this your loved one is traveling while you require an urgent payment to be made. Instead of sending money or sharing account details now they can pay directly from your UPI account. Sounds unbelievable? Well meet UPI Circle the latest innovation redefining digital transactions in India.
What is UPI Circle and Why is It Such a Big Deal?
UPI Circle is the innovation brought in recently by NPCI (National Payments Corporation of India), which allows the primary UPI account holder to authorize many users to make payments through the same account. So now your family or trusted friends can even carry out transactions without having to provide them your banking credentials.
The application will now become available for linking up to five users with a single UPI account. Currently this feature is available exclusively on the BHIM app, but soon it will be available on other UPI platforms too.
How UPI Circle work?
Creating a UPI Circle is a very easy and use -friendly process. The primary account holder is able to add or link secondary users by using their UPI ID or by scanning their QR code.
Once the two accounts are linked, secondary users can start using the account for payments. No more constant transferring of funds or slight delays in payments UPI Circle has taken the fund sharing experience to a new level.
Definitely in Control of all Payments.
UPI Circle has a two-way differentiation in the control to ensure safe and flexible transactions. Secondary users can incur payments without the use of a PIN up to a set limit when going with Full Payment Delegation.
Partial Payment Delegation on the other hand, requires primary user approval on any transaction before being executed. Therefore, you can decide on the extent of control regarding payments.
Why UPI Circle Disrupts The Game Of Digital Payment
This new innovation sorts family finances, manages expenditures between people and business transactions. Kids can have some amount available in terms of access to their spending, parents can now allow employees to spend small amounts, and couples can manage expenses without having to transfer amounts here and there. Designed for smarter, safer, and neater digital payments.
Must You Activate UPI Circle Today?
If you constantly split bills, share expenses, or pay for others, UPI Circle will soon start becoming your best friend. It is friendly, secure, and eliminates all unnecessary bank transfers. Yes, here is the future in digital transactions, don’t miss it.
Head to the BHIM app and activate UPI Circle today.
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