driven by Unified Payments Interface (UPI), the expansion of POS infrastructure, and the growing preference for mobile transactions said the Worldline India’s India Digital Payments Report 2H 2024.
If your bank account has an inactive mobile number associated with it, you could run into significant issues when making UPI transactions. In response to the rising incidence of cybercrime ...
Facing intermittent transaction declines during the financial year-end, some banks are experiencing issues with online payments, but the UPI system is functioning normally according to NPCI.
The total value of UPI transactions also saw a notable increase, rising by 31 per cent to Rs 130.19 trillion. Mobile payments have also seen a major boost, with the number of mobile transactions ...
The new guidelines, effective from April 1, 2025, aim to enhance interoperability, prevent errors due to recycled mobile numbers, and improve user consent mechanisms. All UPI member banks ...
"India’s digital payments ecosystem is evolving at an unprecedented pace, driven by UPI’s widespread adoption, the expansion of POS infrastructure and the growing preference for mobile ...
UPI outage: Several users across India are facing ... and several users across India experienced disruptions with fund transfers, mobile banking, ATM services and more. Acknowledging the outage ...
The Unified Payment Interface or UPI was down again for many users today -- the second time in a week. The last outage was on March 26, also a Wednesday. According to tracking website DownDetector ...
57 per cent of users faced fund transfer failures 34 per cent had mobile banking issues 9 per cent struggled with account balance updates As per Downdetector, UPI outage reports began spiking ...
India's digital payments landscape is changing quickly, spurred by the growing acceptance of Unified Payments Interface (UPI), increases in Point-of-Sale (POS) terminals, and mobile payments. The ...
Earlier in March, SBI customers faced difficulties in accessing UPI and mobile banking services for more than four hours due to some "technical issues". SBI customers started facing the issues at ...
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New Rules: UPI rules have changed from April 1, you will not be able to make payment if your mobile number is inactive..If your mobile number has been inactive for a long time, then from today i.e. 1 April 2025, you will not be able to do UPI ...
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