New Delhi: In a major step towards expanding digital payment access, the National Payments Corporation of India (NPCI) has launched a new service called UPI Circle, based on the Delegated Payment System. The initiative was officially introduced by RBI Governor Shaktikanta Das, aiming to enable more users — even those without bank accounts — to participate in the UPI ecosystem.
🔹 What is UPI Circle?
The UPI Circle allows a primary UPI user to authorize payments on behalf of trusted secondary users, even if those users don’t have a bank account. NPCI explained that nearly 6% of UPI users currently transact for others. With this system, such users can now do it securely and systematically.
🔹 How Does It Work?
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The primary UPI user creates a "Circle" and adds up to 5 trusted secondary users.
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These secondary users can initiate UPI payments, but the transaction will only be processed after the primary user approves it by entering their UPI PIN.
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A secondary user can only be linked to one primary user at a time.
🔹 Spending Limits
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A monthly limit of ₹15,000 has been set for each secondary user.
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Each individual transaction is capped at ₹5,000.
This system adds a layer of security while offering convenience for families, elders, or those without access to formal banking. It’s expected to push India’s digital payments landscape even further.
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