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As UPI Transactions Jumped, Failure Rate Doubled This Year
Between January and October, the UPI transaction decline rate due to technical faults doubled from 1% to 2.31%, as per NPCI data.
08 Dec 2020, 04:52 PM IST
As more Indian consumers took to digital payments amid the Covid-19 pandemic, a surge in technical glitches has followed, leading to a near doubling of the transaction failure rate via the most-popularly used Unified Payments Interface.Between January and October, the UPI transaction decline rate due to technical faults rose from 1% to 2.31%, according to BloombergQuint’s calculations based on the data available for the top 30 remitt...
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