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UPI FAILURE RATES
ETtech Explainer: Why do UPI payments fail and what is NPCI doing to check these failures?Banks generally operate at 85-95% success rate on UPI with most of the transaction failures happening due to business problems. Over the la...16 Apr, 2025, 05.53 PM IST- UPI hit by another outage, thousands of users report issues in paymentsUPI services surged were over 1,000 as of noon, with payments and fund transfers being the most reported problems. Banks cite surge in tran...13 Apr, 2025, 07.43 AM IST
- UPI faces second outage in a week, disrupting transactionsDowndetector, a website that tracks service disruptions, said the outage reports peaked at 520 at 7:23 PM. Around 53% of the issues reporte...02 Apr, 2025, 09.31 PM IST
- Cashfree Payments’ UPI Switch to help small businesses reduce risk and create space for innovationThe tool allows merchants to access new UPI versions and features as they are launched, along with improved fraud prevention capabilities.30 Oct, 2024, 11.38 AM IST
- Cashfree receives NPCI certification for its own UPI switchCashfree can offer settlement of around 12,000 transactions per second with this certification. Cashfree has built this switch in partnersh...15 Oct, 2024, 04.27 PM IST
- PSBs clock higher failure rates for UPI paymentsIn comparison, private players like HDFC Bank, Axis Bank, ICICI Bank, Yes Bank and IDFC First have an average UPI technical decline of 0.04...01 Jul, 2024, 11.23 AM IST
- IPO mandates via UPI: High decline rates at smaller PSU banks worry stakeholdersPoor tech interface and low awareness of customers of smaller banks pushing up failure rates: Experts15 Jul, 2021, 05.44 AM IST
- HDFC Bank reports lowest fail rate for UPI transactionsLeading banks on the UPI network such as State Bank of India, Axis , ICICI and Bank of Baroda reported technical decline (TD) rates of 1.08...21 Jun, 2021, 06.56 AM IST
- Year-end pressure hits fund transfers via IMPS, UPI in millionsBank systems were clogged due to year-end system maintenance. Transactions were delayed for more than 24 hours, which otherwise would have ...04 Apr, 2021, 08.29 PM IST
- Paytm Payments Bank can now issue IPO mandates through UPIPaytm's stock broking subsidiary Paytm Money can also enable IPOs through this handle, the company said.15 Mar, 2021, 03.17 PM IST
- ETtech Exclusive: NPCI bulks up for one billion transactions per dayHit by several snags of late, NPCI aims to finish IT upgrades of all four transaction channels—UPI, IMPS, AePS and NACH—amid a surge in dig...18 Feb, 2021, 12.54 PM IST
- Paytm Bank has lowest UPI failure rateAmong public sector banks, the best performer was Oriental Bank of Commerce, which matches Paytm Bank’s rate of 0.8 per lakh but has less t...22 Dec, 2020, 11.41 AM IST
- Eight banks suffer a higher rate of failure in digital transactionsThe failure rate is being seen as a concern in the fintech and payments sector ahead of the full-scale launch of WhatsApp Pay21 Nov, 2020, 10.38 AM IST
- Surging UPI failure rates worry banksTen of the top 30 banks using the country's UPI network record failure rates of over 3% in September. Nine of these banks were state-owned.21 Oct, 2020, 05.27 AM IST
- Google Pay edges ahead in UPI sweepstakesThe tech giant’s payment offering recorded more than 240 million transactions in May 2019. PhonePe clocked around 230 million, followed by ...04 Jun, 2019, 07.59 AM IST
- UPI scores 87% transaction success rate this MarchA success rate of more than 85% for UPI is ‘commendable’ given that cards are also in the range of 90%, top executives in the payments indu...25 Apr, 2019, 08.30 AM IST
- NPCI stops UPI pay within same account, effective August 1NPCI said that all such transactions will be blocked in the UPI central system and has also asked payment service providers and banks to bl...23 Jul, 2018, 10.19 AM IST
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