Google Pay has introduced several exciting new features for its UPI app at the Global Fintech Fest 2024.
These updates include UPI Circle, UPI Voucher/eRupi, Clickpay QR Scan, prepaid utility payments,
and tap and pay with RuPay cards. Google Pay plans to roll out these features later this year.
UPI Circle: Digital Payments for Non-Bank Users
UPI Circle is a new feature from NPCI that allows users without a bank account to make digital payments.
To use UPI Circle, these users need to have someone in their circle with a UPI account.
This feature is especially useful for elderly individuals who might not have a bank account or Google Pay linked account.
In this setup, the primary user will need to approve each transaction. There will also be an option for full delegation, where users can set a monthly limit of up to ₹15,000.
UPI Voucher/eRupi: Prepaid Vouchers for Digital Payments
The UPI Voucher eRupi feature, which was originally launched in 2021, is now available on Google Pay.
This feature allows users to generate prepaid vouchers for digital payments even if their bank account is not linked to UPI.
Google has partnered with NPCI and the Department of Financial Services to bring this feature to its users.
ClickPay QR Scan and Utility Bill Payments
Google Pay is introducing ClickPay QR Scan for bill payments. Users can now scan a customized QR code within the app to pay bills.
The biller will need to generate this QR code for customers. Additionally, Google Pay will show details of prepaid utility bills and payment options when customer data is added.
This feature is similar to one offered by Paytm and is being launched in collaboration with NPCI Bharat Billpay.
Tap and Pay with RuPay Card and UPI Lite
By the end of this year, Google Pay users will be able to use the Tap and Pay feature with their RuPay cards.
This feature allows users to add their RuPay card to the app and make payments via NFC without saving card details.
Google Pay will also introduce an autopay feature in UPI Lite, which automatically tops up the wallet when the balance falls below a set amount.
