PhonePe launches UPI Circle, payment feature that helps the ‘unbanked’

PhonePe has launched a feature enabling users to “create a circle” and make payments on behalf of their family, friends, or trusted contacts, said the fintech company on Wednesday.

Dependents in a family can use UPI Circle to create their own identity or profile in the digital payments service without a linked bank account, providing a secure financial service to “unbanked” individuals.