UPI Outage

UPI New Rule form October: From October 1, you won't be able to send UPI collect requests to friends or family. Here's why NPCI is stopping the feature and what it means for your day-to-day payments.

Paytm, PhonePe, Google Pay and other such platforms will also set limits on account view and merchant verification in order to improve overall service

The rebound follows a dip in April, when UPI volumes declined from 18.3 billion in March. That slump was attributed to multiple service disruptions that affected payment flows

PhonePe's UPI services went down for over an hour on Monday evening as peak traffic exposed a network capacity shortfall during cybersecurity preparedness drills

PhonePe's UPI market share slipped to 46.73 per cent in April amid a 2.22 per cent dip in total transactions on the real-time payments network

The current challenge stems from the extremely high frequency of transaction status API calls

To be fair, NPCI has done phenomenal work over the past decade. It has revolutionised digital payments in the country with about 600 million average daily UPI transactions

The longest outage, lasting 187 minutes, was in January 2022

'Root-cause analysis' done, hardware replaced, member banks briefed on fixes