Synopsis
Digital payments through Unified Payments Interface (UPI) have largely resumed following a nationwide outage that impacted millions of users. Reports indicate that users in the Delhi-NCR region are successfully completing transactions once again.Key Takeaways
- UPI services resumed after a nationwide outage.
- Over 2,300 complaints were reported regarding payment issues.
- NPCI acknowledged the technical glitches affecting UPI.
- Transaction volumes increased significantly in March.
- UPI transactions reached a record value of Rs 24.77 lakh crore.
New Delhi, April 12 (NationPress) Digital payments using the Unified Payments Interface (UPI) have resumed for the majority of users on Saturday after the well-known service experienced a nationwide outage that impacted millions. While the National Payments Corporation of India (NPCI) has not yet confirmed the full restoration of UPI services, users in the Delhi-NCR region reported successful digital transactions through mobile applications.
Earlier that day, several online payment platforms faced disruptions throughout the country, affecting local shopping, bill payments, and business transactions.
As per the outage tracking platform Down Detector, there were 2,358 complaints registered by 1 PM, with most issues related to payments (81 percent) and fund transfers (17 percent).
The NPCI, which manages the UPI services, announced on the X social media platform that the disruptions were linked to technical difficulties.
"NPCI is currently experiencing intermittent technical issues, leading to some UPI transaction declines," the NPCI stated in a social media post on X.
"We are actively working to resolve the issue and will keep you informed. We apologize for the inconvenience caused," it added.
Major banking applications from SBI, ICICI, and HDFC were also impacted, indicating a larger problem within the UPI network infrastructure.
"UPI is down again. Thankfully, I always keep cash on hand. Cash is always King," wrote one affected user on X.
Another user commented, "This is becoming way too common these days. First UPI goes down, then banks announce their own 'downtime' for UPI transactions."
The UPI witnessed a remarkable 13.59 percent increase in transaction volume in March, reaching 18.3 billion, up from 16.11 billion in February, according to the latest NPCI data.
The month of March recorded a staggering Rs 24.77 lakh crore in UPI-based transactions, marking a 12.79 percent rise from Rs 21.96 lakh crore in February.
On a daily basis, the UPI network averaged over 590 million transactions, with a daily transaction value of Rs 79,910 crore, as per NPCI data.
Year-on-year, the record UPI transactions of Rs 24.77 lakh crore in March demonstrated a 25 percent increase in value and an impressive 36 percent growth in volume, showcasing the unstoppable momentum of India’s digital payments revolution.
