Vivek Boray Highlights the Importance of Responsible UPI Delegation in Business Standard Article
In a recent article published by Business Standard, Vivek Boray shared insights on the evolving landscape of Unified Payments Interface (UPI) transactions, particularly emphasizing the implications of delegating UPI payments.
Boray commented, “While the ability to delegate UPI payments does provide greater access for the unbanked and others without UPI access, the primary UPI user will need to be mindful to restrict access to trusted, known secondary users and to set strict limits on the extent of delegation and the amounts involved.”
His statement underscores the balance between enhancing financial inclusion and maintaining security within digital payment systems. As UPI continues to be a cornerstone of India’s digital economy, the ability to delegate payments introduces a new level of convenience and accessibility, especially for those previously excluded from digital banking.
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