PhonePe launches UPI Circle, payment feature that helps the 'unbanked'

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Business Standard Logo Business Standard 6d ago

PhonePe launches UPI Circle, payment feature that helps the 'unbanked' - Business Standard

Quick Summary:

The primary user can set a daily transaction limit of up to Rs 15,000, with a maximum of Rs 5,000 per transaction in the case of full delegation.

The primary user delegates UPI authentication rights to the secondary user, who can then carry out transactions with the primary user's authorisation.

The secondary user must accept the invitation via their PhonePe app to join the UPI Circle.