The holder of the primary bank account can set transaction limits for secondary users linked to the UPI-enabled account.
"This product is expected to add to the reach and usage of digital payments across the country," the RBI said. UPI has a user base of 424 million.
"Delegated Payments would allow an individual (primary user) to set a UPI transaction limit for another individual (secondary user) on the primary user's bank account. This product is expected to add to the reach and usage of digital payments across the country.
Bu hikaye Business Standard dergisinin August 09, 2024 sayısından alınmıştır.
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Bu hikaye Business Standard dergisinin August 09, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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