Google Pay Unveils New Features at GFF 2024
The UPI funds app detailed the brand new options in a blog post and mentioned that these functionalities will convey ease, comfort, and ease to the way in which customers work together with funds and finance devices.
UPI Circle is a brand new characteristic rom NPCI that enables UPI account holders to let trusted folks make digital funds even when they don’t have a checking account. This characteristic could be useful for older relations who don’t personal a checking account or a Google Pay-linked account however have to make a UPI cost.
These relations can both get a Partial Delegation privilege the place the first consumer must approve each transaction or a Full Delegation privilege the place they will get a month-to-month restrict of as much as Rs. 15,000. This characteristic is being launched in partnership with the National Payments Corporation of India (NPCI).
UPI Vouchers or eRupi, a direct profit switch (DBT) characteristic launched in 2021, that can quickly be supported on Google Pay. People, with this characteristic, can generate a pay as you go voucher which is linked to a cellular quantity and can be utilized to make digital funds even when the consumer didn’t hyperlink a checking account to UPI. This characteristic will likely be delivered to the platform in collaboration with NPCI and the Department of Financial Services.
Clickpay QR scan is one other new characteristic for invoice funds coming to Google Pay. It permits customers to pay their payments on Google Pay by scanning a QR code throughout the app. These funds can solely be made when the biller has generated a personalized QR code for the client. Once scanned, customers will see the invoice quantity they should pay, in keeping with Google.
Google Pay can even let customers make pay as you go utility payments with a brand new characteristic. Similar to the characteristic in Paytm, the app will uncover a consumer’s pay as you go utility payments as soon as they’ve added their buyer knowledge to the app. Once performed, customers will be capable to make recurring funds to the billers who help pay as you go funds. The characteristic will work throughout completely different classes. It is being added in partnership with NPCI Bharat Billpay.
Tap & Pay with RuPay Cards can even be added to Google Pay later this yr. With this, RuPay cardholders can add their Rupay card to the app and faucet their near-field communication (NFC) enabled smartphone on a card machine and make funds. Notably, card info is just not saved within the app, the corporate acknowledged.
Finally, UPI Lite is getting an autopay characteristic. Users will be capable to robotically top-up their UPI Lite account when the steadiness falls beneath a specific amount.
