Now almost everyone in India has learned to make digital payments. The UPI payment system has brought a revolution in this matter. But many times people's digital payments fail, the reason behind which has now been told by RBI. Read this news...
India is known all over the world for digital payments. Technology like UPI has made this work very easy and has enabled everyone from the elite to the common man to make digital payments. Still, it is often seen that your digital or UPI payment fails. Now RBI has found out the reason for this.
The National Payment Corporation of India (NPCI) runs digital payment services like UPI and Rupay in the country. When RBI investigated the issue of UPI payment failure, many interesting facts came to light.
The reason for payment failure is not NPCI
The Reserve Bank of India (RBI) found in its investigation that people's digital payments fail not due to any flaw in the UPI or NPCI system, but due to a problem in the banking system. Therefore, they have to face interruptions in online payments.
India is known all over the world for digital payments. Technology like UPI has made this work very easy and has enabled everyone from the elite to the common man to make digital payments. Still, it is often seen that your digital or UPI payment fails. Now RBI has found out the reason for this.
The National Payment Corporation of India (NPCI) runs digital payment services like UPI and Rupay in the country. When RBI investigated the issue of UPI payment failure, many interesting facts came to light.
The reason for payment failure is not NPCI
The Reserve Bank of India (RBI) found in its investigation that people's digital payments fail not due to any flaw in the UPI or NPCI system, but due to a problem in the banking system. Therefore, they have to face interruptions in online payments.
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