UPI Down: UPI service suddenly went down in the country, PhonePe, Paytm, GPay payments got stuck, know what happened?

UPI Down: UPI service suddenly went down across the country on Thursday as the evening fell. Due to this, people had to face a lot of problems. This is the fourth time this year that UPI went down. Due to this, the payment systems of big banks like HDFC, SBI, Bank of Baroda, and Kotak came to a halt. And people's transactions were disrupted.

From 7:45 pm onwards, people faced a lot of trouble in transacting on apps like Google Pay, PhonePe, and Paytm. People were not able to transfer money. By 8 pm, more than 2,200 people registered complaints on a website called Downdetector. About 80 percent of these complaints were about payment failure. Let us tell you that Downdetector is a site that tells the condition of apps and websites.

How does UPI work?

Unified Payments Interface, i.e. UPI, is a real-time payment system. It has been developed by the National Payments Corporation of India (NPCI). This system allows users to transfer money from one bank account to another instantly.

When a user initiates a transaction from a UPI app, the payment request passes through his bank server and then through NPCI's central server so that the payment can be verified and processed.

19.47 billion transactions in July

According to NPCI data, the number of transactions through UPI reached a record level of 19.47 billion in July. In terms of value, it was Rs 25.08 lakh crore. Which was the second-highest figure after Rs 25.14 lakh crore in May.

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