According to the outage tracking platform Down Detector, there were 2,358 complaints by 1 pm.
As of now, the National Payments Corporation of India (NPCI), which operates UPI, hasn’t issued an official statement regarding the outage.
The digital payment transactions (including UPI) surged with over 18,120 crore transactions in 2024-25 (till January this year), with transaction value crossing Rs 2,330 lakh crore, the government
Digital payment platform Google Pay has started imposing a convenience fee on bill payments made with credit and debit cards.
The Securities and Exchange Board of India (Sebi) is set to come out with a new mechanism to ensure secure and efficient payments in the securities market through Unified Payments Interface (UPI).
The businesspersons have alleged that if any fraudster buys garments from their shops and makes payment into their bank account online or through UPI by the money duped through the fraud, the police and investigating agencies freeze the entire account of the shopkeeper.
Unified Payments Interface (UPI) transactions at retail stores have witnessed a spike of 33%, underscoring the growing adoption of digital payments beyond Tier II regions in the country, a recent report has said.
The authors said that the success of UPI can be replicated in other countries as well and India can play a leading role in helping them adopt the fintech system.
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 Reserve Bank of India (RBI) on Friday decided to expand the scope of pre-sanctioned credit lines on UPI to the Small Finance Banks (SFBs).
