Reserve Bank of India Governor Shaktikanta Das, on Thursday, said that UPI users will soon be allowed to delegate payments to a secondary user without needing a separate bank account linked to the UPI ID.

The Unified Payments Interface (UPI) currently has a user base of 424 million, according to the RBI. This move has been proposed to further expand the number of users.

“‘Delegated Payments’ would allow an individual (primary user) to set a UPI transaction limit for another individual (secondary user) on the primary user’s bank account. This product is expected to add to the reach and usage of digital payments across the country. Detailed instructions will be issued shortly,” the central bank said in its monetary policy decision.

Minister of State for Finance Pankaj Chaudhary informed the Lok Sabha on Monday that 41.22 billion UPI transactions worth ₹60 lakh crore took place between April and June in 2024-25.

In FY23, about 83 billion UPI transactions took place with a value of ₹139 lakh crore, while in FY22, there were close to 46 billion transactions involving ₹84 lakh crore.

Governor Das added that the tax payment limit through UPI is also proposed to be raised from ₹1 lakh to ₹5 lakh for a single transaction. This will allow taxpayers to settle higher tax dues directly through UPI, without incurring any additional charges.