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without a bank account UPI How to set up a wallet : Nowadays financial transactions are mostly done online. UPI payments are used for everything from retail markets to large financial transactions, travel, shopping. But if a person does not have a bank account, then such a person has to face difficulties. That is why the National Payment Corporation of India (NPCI) has UPI An important change has been made regarding payment. According to this, now even a person who does not have a bank account will be able to make UPI payment. Let's know more about it…
There are many reasons why the UPI payment context changes from time to time. The biggest reason is to allow more citizens to make financial transactions using UPI payments. As part of this, UPI has now been modified so that even those who do not have a bank account can make UPI payments.
To make UPI payment, your mobile number and Aadhaar card must be registered in your bank account. You can use various apps to make UPI payment. With this, now you will be able to make UPI payment even without a bank account. For this, you can make payment from the bank account of your family member. This has been named 'Delegated Payment System'.
How will payments actually be made?
If any member of your family has a bank account, you can make UPI payment using the same bank account. The special thing is that you can make this payment using an active UPI from your mobile.
Who will benefit from this facility?
This facility is available only for savings account holders. This service cannot be availed on credit card or other loan account. Whoever is the main account owner will have full control over this financial transaction. The same person can authorize someone else regarding payment. Only after getting this permission, you can use UPI payment mode on your mobile. This service is expected to further increase the number of UPI payments.
