Google Pay Introduces New Features at Global Fintech Fest 2024
Google Pay has made significant strides in enhancing its user experience with the introduction of several new features at the Global Fintech Fest 2024. These innovative features aim to simplify transactions, make payments more convenient, and expand the reach of UPI payments.
UPI Circle: Enabling Payments for Unbanked Individuals
One of the most notable features announced is UPI Circle. This innovative feature allows UPI account holders to enable trusted individuals, such as family members or friends, to make digital payments even if they do not have a bank account or a Google Pay-linked account. This is particularly beneficial for older individuals who may not be tech-savvy or comfortable with online banking.
UPI Vouchers or eRupi: A Convenient Payment Option
UPI Vouchers or eRupi, a direct benefit transfer (DBT) feature launched in 2021, will soon be supported on Google Pay. This feature allows users to generate prepaid vouchers linked to a mobile number for digital payments without the need to link a bank account to UPI. This will further expand the reach of UPI and make it more accessible to a wider audience.
Clickpay QR Scan: Simplifying Bill Payments
Clickpay QR scan is another useful feature that simplifies bill payments on Google Pay. Users can simply scan a QR code within the app to pay their bills. This feature is especially convenient for paying bills from merchants or service providers that generate customized QR codes.
Prepaid Utility Bill Payments and Tap & Pay with RuPay Cards
Google Pay has also introduced prepaid utility bill payments, similar to those offered by Paytm. Users can add their customer data to the app and make recurring payments for various utility bills. Additionally, the Tap & Pay with RuPay Cards feature will allow RuPay cardholders to add their cards to Google Pay and make contactless payments using NFC-enabled smartphones.
Autopay Feature for UPI Lite
For users who frequently use UPI Lite, Google Pay has introduced an autopay feature. This feature allows users to automatically top up their UPI Lite balance when it falls below a specified amount, ensuring uninterrupted payments.
Enhancing User Experience and Financial Inclusion
The introduction of these new features demonstrates Google’s commitment to enhancing the user experience and promoting financial inclusion. By making UPI payments more accessible and convenient, Google Pay is empowering individuals and businesses to embrace digital payments.
FAQs:
What is UPI Circle?
UPI Circle is a feature that allows UPI account holders to enable trusted individuals to make digital payments without a bank account.
How does UPI Vouchers or eRupi work?
UPI Vouchers or eRupi are prepaid vouchers that can be used for digital payments without linking a bank account to UPI.
What is Clickpay QR scan?
Clickpay QR scan is a feature that allows users to pay bills by scanning a QR code within Google Pay.
Can I pay utility bills using Google Pay?
Yes, Google Pay now supports prepaid utility bill payments.
Can I use RuPay cards with Google Pay?
Yes, RuPay cardholders can add their cards to Google Pay and use them for contactless payments.
