According to the outage tracking platform Down Detector, there were 2,358 complaints by 1 pm.
UPI is the earliest implementation of an open-banking-based payment infrastructure that is free for customers and enables them to create verifiable digital financial footprints in real time.
The transfer will also include 280 existing employees from the entertainment ticketing business at the company.
A recent report has said that with digital adoption fast gaining currency, India is likely to see retail digital payments double to $ 7 trillion by 2030 from the current levels.
The volume of UPI transactions in H2 2023 to H2 2022 increased by 56 per cent from 42.09 billion to 65.77 billion, the report said.
According to sources, the estimated number of employees laid off by Stripe is between 45 and 55. Reportedly, Stripe bought TaxJar in April 2021.
The Minister stated that the brief details of major Digital India initiatives, inter-alia, are at Annexure.
The index for March 2021 stands at 270.59 as against 207.84 for March 2020, announced while launching the index on January 1, 2021.
The provisions of these directions would apply to the Regulated Entities (REs)-- Scheduled Commercial Banks, Small Finance Banks, Payments Banks; and Credit card issuing NBFCs.
In recent months, the pandemic has accelerated the adoption of digital technologies and rapidly shifted how consumers prefer to shop and pay.
