India, April 17 -- PhonePe has introduced a new feature called 'UPI Circle' to make digital payments more accessible and manageable for families and individuals who may not have direct access to banking services. With UPI Circle, the fintech company is looking forward to onboarding underbanked users into the digital payment ecosystem by allowing shared access to a single UPI-enabled bank account.

UPI Circle enables a primary user to authorize secondary users, typically family members, dependents, or trusted individuals, to make payments using their UPI account. These secondary users do not need their own bank accounts; instead, they can generate individual UPI IDs that are linked to the primary user's bank account. This allows them to ca...