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UPI payment failures due to technical issues fall below 1%

By Economic Times - 9 hours ago
Technical glitches on India's UPI platform have significantly reduced. UPI, the mobile-based payments system, has seen a sharp decline in technical failures. The failure rate has dropped to less than 1% from a high of 8% in 2016. NPCI, the platform's operator, aims to shift low-value transactions to UPI Lite.

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