What was the reason that All UPI services were down yesterday?, Know full details here
The Unified Payment Interface (UPI), the instant payment gateway operated by the National Payments Council of India (NPCI), was shut for over an hour.
Since the UPI server was down, many users started reporting on social media that the UPI server is down and they are unable to do any transaction using digital wallets or online payment services like Google Pay, PhonePe, and Paytm. Many users were left wondering if there was really some problem with UPI or it was just a problem on their part.
Some users have also shared screenshots of their failed UPI transactions on social media. One such user has said that he was trying to make payment through Google Pay for a few hours but was not able to do so. However, at 5.18 pm, NPCI has tweeted that, 'Sorry for the inconvenience caused to UPI users due to technical problem. The UPI service is now functional and we are closely monitoring the system.
According to the recently released data, in December 2021, UPI recorded 456 crore transactions, with a total amount of Rs 8.26 lakh crore (approximately $111.2 billion). Additionally, UPI transactions have registered transactions worth over Rs 73 lakh crore (approximately $970 billion) from January 2021 to December 2021. There was an increase of over 110 percent year-on-year compared to the calendar year 2020.
PhonePe led UPI transactions in December 2021. This month a transaction of 3.94 lakh crore has also been done. Google Pay has made its second place with a total transaction of 3.03 lakh crores. Paytm came third with transactions of Rs 88,094 crore. Amazon Pay has secured the fourth position with a transaction of Rs 6,641 crore and WhatsApp Pay came in the fifth position with a transaction of Rs 188 crore.