The RBI has introduced a new feature allowing family members to make payments using your UPI account, enabling delegated transactions.

If you have a younger sibling, you might have dodged their requests for money by claiming you didn't have your wallet or enough cash on you. However, this excuse may soon become ineffective. The RBI has recently introduced a feature called delegated payments, which allows others to use your UPI account for making payments.

With this new feature, multiple users can now make payments from the same UPI account. Announced during the August monetary policy review, delegated payments let a primary user authorize another person, such as a family member or employee, to conduct transactions from their bank account. The primary user can set limits on these transactions, maintaining control while allowing others to handle finances within set boundaries.

RBI Governor Shaktikanta Das emphasized that this feature could significantly boost digital payment usage across various segments of society, especially in rural areas where access to banking services is limited. Mohit Bedi, Co-Founder and CBO of the payments app Kiwi, mentioned that this feature could revolutionize UPI usage within families, enabling parents to oversee transactions made by minors.