UPI Transactions Grow By 42%, Mobile Payments Reach 88.5 Billion In 2nd Half Of 2024 | File Pic
The Unified Payment Interface (UPI) was down today for many users for the second time in a week. The last outage was on March 26 affecting users using PhonePe, Paytm and Google Pay.
As per DownDetector, 514 complaints were reported as of 21:00 pm. Around 52 per cent users reported about problems while transferring funds via app.
The cause of the outages earlier on Wednesday is unclear, but it may likely have occurred due to technical glitches.
Meanwhile, UPI transactions soared by 42 per cent year-on-year (YoY) in the second half of 2024, totalling a remarkable 93.23 billion transactions, a new report said on Wednesday.
