UPI payment failures due to technical issues fall below 1%
- Posted on November 19, 2024
- By Business News Today
- 2 Views
UPI payment failures due to technical issues fall below 1%
Technical glitches on India's UPI platform have significantly reduced. UPI, the mobile-based payments system, has seen a sharp decline in technical failures. The failure rate has dropped to less than 1% from a high of 8% in 2016. NPCI, the platform's operator, aims to shift low-value transactions to UPI Lite.
