UPI down: Users across country report outage in GPay and PhonePe services for minutes

UPI down: In a significant development, users across country report UPI outage for minutes. It has been reported that users of GPay and Phonpe faced issues dealing with UPI payments across India on Monday evening. Notably, the UPI services were also disrupted last month.

UPI QR codes record 91.5 pc surge to 657.9 million

In another significant development, UPI QR codes recorded the fastest growth in digital payments infrastructure in the financial year 2024-25, with a 91.5 per cent jump over the previous financial year to 657.9 million, according to the latest RBI data.

The surge in UPI QR codes was accompanied by a slowdown in the growth rate of credit card transactions to 7.94 per cent year-on-year, while debit card additions registered a mere 2.7 per cent growth to 991 million.

The growth in the number of UPI QR codes has been accelerating with the increasing deployment by platforms like Google Pay, Paytm, and PhonePe.

(With inputs from agencies)

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