UPI payments down for third time in three weeks

The Unified Payments Interface (UPI) experienced disruptions for the third time in as many weeks, with numerous customers reporting payment failures across platforms like PhonePe, Google Pay, and Paytm.

Despite its widespread adoption, these frequent outages are causing frustration among users. The National Payments Corporation of India (NPCI) had announced on April 1st that UPI transaction volume reached a record high of 18.3 billion in March, a 13.5% year-on-year increase, with the value hitting a record Rs 24.77 trillion. In February, the volume stood at 16.11 billion.