Fri Sep 06 05:24:37 UTC 2024: – NPCI has launched a new feature called “UPI Circle” to enhance digital payment accessibility
– Primary users can add family members or friends as secondary users to make transactions using the primary user’s bank account
– The feature is aimed at empowering secondary users who may be financially dependent
– Primary users can set spending limits or require approval for each transaction
– Maximum monthly limit is set at Rs 15,000 with a single transaction limit of Rs 5,000
– Primary users can monitor the activity of secondary users and set different maximum limits for each user
– A primary user can add up to five secondary users, but a secondary user can only accept one primary user
– Primary users can revoke access to secondary users at any time

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