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    Home»Banks»UPI payments hit due to glitch, user face UPI Transaction failure
    Banks

    UPI payments hit due to glitch, user face UPI Transaction failure

    Finance KhabarBy Finance KhabarFebruary 7, 2024No Comments1 Min Read
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    Illustration depicting UPI payments glitch causing transaction failures
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    In the ever-evolving landscape of digital transactions, the Unified Payments Interface (UPI) has emerged as a cornerstone for cashless exchanges. However, this seamless flow hit a snag recently when a technical glitch temporarily disrupted services, leaving many users in a lurch.

    On an otherwise regular Tuesday evening, users of the UPI platform found themselves facing unexpected transaction failures. The root cause? A glitch in the systems of certain banks, as confirmed by the National Payments Corporation of India (NPCI). The NPCI, overseeing the UPI framework, was quick to reassure users that the hiccup was due to “internal technical issues” within a few banks, not the UPI system itself.

    The NPCI’s prompt acknowledgment of the issue was followed by an assurance that its systems were operational and unaffected. Collaborative efforts were immediately undertaken with the impacted banks to restore normalcy. Among these, HDFC Bank, a leading private sector lender, acknowledged its customers were affected but also highlighted that the issue was part of a broader ecosystem challenge.

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