At the Global Fintech Fest 2024, Google has announced new features like UPI Circle, UPI Vouchers, ClickPay QR. It will be implemented by December 2024. After this, online payment in India will become easier than before, so let’s know how these features will work, which will benefit the users.
UPI Circle Feature
This feature will allow you to make payments to your family or a friend from your UPI account. This will be beneficial for those who do not have UPI service. With UPI Circle, Google Pay will be able to connect users to its UPI account in two ways.
Partial Delegation
In this, the primary UPI users will have full control of the transaction. Secondary users will only be able to request payment.
Full Delegation
In this, the primary user can set a monthly limit like Rs 15,000. After this, the secondary user can make payment up to that limit in a month.
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What are UPI Vouchers?
UPI vouchers are a type of digital prepaid card that you can send to any person’s mobile number. These vouchers can be used for any UPI payment, and the recipient does not need to link his bank account to UPI.
How do UPI vouchers work?
- You can create a UPI voucher using Google Pay.
- You need to enter the voucher amount and the recipient’s mobile number.
- Once the voucher is created and sent, the recipient will receive an SMS containing the voucher code.
- The recipient can scan this code using any UPI app and use the voucher.Why are UPI vouchers useful?
- People who do not have a bank account can also make payments using UPI vouchers.
- UPI vouchers are very easy to use and are secure too.
- You can use UPI vouchers for any kind of payment like daily shopping, bill payments, or as a gift.
- In this facility, users can issue UPI vouchers for any event. UPI vouchers are a convenient way of digital payment.
What is ClickPay QR?
ClickPay QR is a new feature introduced by Google Pay in collaboration with NPCI Bharat BillPay. With this, you can pay your bill very easily. All you have to do is scan the ClickPay QR code generated by any biller from your Google Pay app. This QR code will automatically fetch the latest details of your bill, so you will not need to remember your account number or customer ID.
What are the benefits?
- This makes bill payment faster. There is no need to remember bill details.
- This feature eliminates the worry of filling incorrect information on your bill.
- Payment is easy with ClickPay QR. You don’t have to stand in long queues.
Tap and Pay for RuPay Cards
How will this service work?
- You can add your RuPay card to the Google Pay app.
- When you want to pay at a shop, just tap your phone on the card machine.
- Google Pay will send your card details to the machine and the payment will be done.Know the benefits of this service?
- Tap and Pay is a fast payment system. Google Pay keeps your card information secure. In such a situation, there is no tension of card theft. There is no need to carry the card when you go out. You can just carry your phone.
Prepaid utility bills
In this new service of Google Pay, you can link your monthly household expenses like electricity or society bills directly to the Google Pay app. This will make it easier for you to track these bills. This feature gives you the freedom to pay all bills from different apps. The bill history can be seen in it.
Autopay for UPI Lite
Google Pay is introducing AutoPay for UPI Lite. In this, if the UPI Lite balance falls below a fixed limit, then automatic top-up facility is available. It is designed for small transactions. In this, users will be able to make payments without the tension of balance.
