Google launches UPI Circle in India: What it is, how to use it and everything you need to know – Check the details
Google UPI Circle: Google has launched a new UPI tool known as UPI Circle for its Google Pay app in association with National Payments Corporation of India (NPCI). It is designed to simplify financial transactions for people who do not have a bank account or who find it difficult to make digital payments on their own. UPI Circle helps these people to make digital payments through the primary user account without linking a bank account. Google has announced that the UPI Circle feature will be accessible in the Google Pay app. It aims to bring people who still depend on cash into the digital payment system by allowing trusted friends or family members to help them make payments digitally.
UPI Circle on Google Pay will help the primary user to send digital payment transactions to trusted contacts like close friends or family members. This feature has two types of capabilities- full deployment and partial deployment. For complete commissioning, primary users have set a monthly transaction limit of up to Rs 15,000, which will allow secondary users to freely make payments below that limit without further authorization. With partial delegation, the primary user is in full control of each digital payment made by the secondary user. The primary user receives a request to approve all transactions initiated by the secondary user ensuring that the primary user is informed and involved in all transactions. In addition, there is a cooling-off period of 30 minutes after connecting a second user, during which no payment can be made, which ensures an additional level of security.
This feature will be launched on both iOS and Android platforms. Users will have to update their Google Pay apps to see if UPI Circle is available.
How to Use Google UPI Circle
1. Users need an active bank account linked to the Google Pay app to add secondary users to UPI Circle.
2. Secondary users need to have a UPI ID, and their contact number needs to be saved in the primary user’s contact book.
3. To initiate payments through the primary user’s account, the secondary user will need to launch their UPI app and click on the QR code icon.
4. After that the primary user will go to the UPI Circle section by clicking on their profile picture or initials in the Google Pay app. The main user chooses the type of shipment (full or partial).
5. After that the second user will have to give permission to the invitation to confirm the setup. Once the setup is complete, the second user can freely initiate transactions within a pre-determined monthly limit of Rs 15,000, with payouts of up to Rs 5,000 per transaction.
Amazingly, both primary and secondary users can track the status of their job applications in real-time through the UPI Circle section on their profiles. This feature will also provide a history of all successful transactions for greater clarity. A primary user can add up to five secondary users. However, every secondary user can be enrolled in only one UPI Circle at a time.
