Digital payments platform PhonePe has announced the launch of UPI Circle on its application. With this new feature, users can now manage payments on behalf of family members and other trusted contacts. Users can now form a payment group where the primary account holder has the power to authorise transactions on behalf of others, even if those members don’t have a bank account linked to UPI.
One UPI ID, Many Users: PhonePe Rolls Out Group Payment Feature 'UPI Circle'
PhonePe has launched UPI Circle, a new feature that allows users to manage payments for family members or trusted contacts—even if those individuals don’t have a bank account linked to UPI. The primary user controls the circle, approving or rejecting payment requests, monitoring spending, and managing group members
PhonePe Rolls Out Group Payment Feature 'UPI Circle'
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This feature empowers dependents—such as children, domestic staff, or elderly family members—to make digital payments using their own UPI ID, while the primary user retains complete control. They can approve or decline payment requests, track spending, view transaction history, and add or remove members from the circle at any time.
"UPI Circle is a significant step forward in extending the ease and convenience of digital payments for those who are underbanked and those new to the ecosystem. Integrating UPI Circle into the PhonePe app aligns perfectly with our vision f democratising digital payments and making financial services accessible to all," said Sonika Chandra, chief business officer, consumer payments, PhonePe.
The Economic Times had earlier reported that payment apps like Google Pay, Amazon Pay, and BHIM had started pilot trials in September 2024 after the National Payments Corporation of India (NPCI) introduced this feature.
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PhonePe Leads UPI Market
IPO‑bound fintech start-up PhonePe retained its leading position in the UPI market in March, processing 864.7 crore transactions, accounting for 47.25% of total UPI transactions. On a month‑over‑month (MoM) basis, this reflected a 0.28% decrease in market share from 765.6 crore transactions.
PhonePe handled a total transaction value of Rs 12.57 lakh crore during the month. In terms of transaction value, the Walmart‑backed fintech company accounted for 50.74% of the total UPI transaction volume in March 2025.
Overall, UPI transactions in the country hit a new high of 18.30 billion in March, recovering from a 5% drop to 16.11 billion in February. March's transaction value totaled Rs 24.77 lakh crore, a 12.8% month‑on‑month (MoM) increase from Rs 21.96 lakh crore in February.
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