Latest news with #UnifiedPaymentInterface
News18
2 days ago
- Business
- News18
UPI Faces Outage, Several Users Across India Unable To Make Payments
Last Updated: UPI services experienced an outage on Thursday, causing payment difficulties for users across India. UPI Outage: Unified Payment Interface (UPI) services suffered an outage as several users across India reported difficulties in making payments on Thursday. Several users said that they were unable to use UPI apps like Google Pay, PhonePe, Paytm, and other leading platforms to complete transactions. As per Downdetector, which tracks outages by collating status reports from several sources, including user-submitted errors on its platform, there were over 200 complaints from users with respect to the UPI outage by 8:30 pm. Nearly 80% of these complaints cited issues while attempting payments. view comments First Published: August 07, 2025, 20:56 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
News18
3 days ago
- Business
- News18
UPI Won't Stay Free Forever? RBI Governor Malhotra Says ‘Someone Has To Pay'
Last Updated: RBI Governor Sanjay Malhotra hinted UPI may not stay free, stressing a sustainable funding model. UPI handles 640M+ daily transactions, Rs 24 lakh crore in June 2025. RBI Governor Sanjay Malhotra on Wednesday hinted that UPI may not remain free forever, stressing the need for a sustainable funding model for the digital payments infrastructure. Addressing the media after the Monetary Policy Committee (MPC) meeting, Malhotra said, 'I never claimed that UPI would always be free. What I stated was that there are real costs involved in processing UPI transactions, and someone needs to bear them." 'Who pays is a matter of detail — what matters more is that someone is footing the bill. For the long-term viability of the system, whether the cost is borne collectively or individually, it has to be paid," he added. India's real-time payment technology UPI (Unified Payment Interface) has emerged as the global leader surpassing Visa, according to a recent note by the International Monetary Fund titled Growing Retail Digital Payments: The Value of Interoperability. The IMF report states that UPI has powered 85 per cent of India's digital payments and nearly 60 per cent globally. UPI is handling 640+ million transactions daily, head of Visa, the report stated, adding that Rs 24 lakh crore processed via 18.39 billion UPI transactions in June 2025. The transaction percentage rose 32 per cent YOY compared to the same month last year at 13.88 billion. Malhotra's comments come amid growing indications that the free model for UPI may undergo changes. According to an ET Wealth Online report, ICICI Bank has taken the lead by introducing processing charges for Payment Aggregators (PAs) handling UPI transactions, effective August 1, 2025. Although the bank hasn't officially confirmed it, sources told ET that the new charges were communicated to PAs in late June. view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Mint
4 days ago
- Business
- Mint
SBI UPI services to be temporarily unavailable on THIS day. Check timings
State Bank of India (SBI) has announced a scheduled maintenance activity which will cause a brief disruption in Unified Payment Interface (UPI) services on August 6, 2025. SBI has informed that its UPI services will not be available for 20 minutes from 1:00 am to 1:20 am on August 6, 2025, due to the scheduled maintenance. The bank's official notice on X (formerly Twitter) read, 'Due to scheduled maintenance activity, SBI UPI services will be temporarily unavailable from 01:00 hrs to 01:20 hrs on 06.08.2025 (IST)." The bank further added, "Customers may continue to use UPI Lite Services for uninterrupted service. We regret the inconvenience caused to our customers.' The public sector bank has advised customers to use UPI Lite for continued digital transactions during the downtime. UPI Lite will remain fully functional even when the main UPI channel is under maintenance, as conveyed by the bank. UPI Lite is designed for small-value transactions, acting as an on-device wallet for faster payments. It allows users to make payments without entering a UPI PIN, particularly useful for low-value transactions and in areas with poor network connectivity. Follow these steps to enable UPI Lite on your mobile: Open your UPI App (Google Pay, PhonePe, or Paytm) Click on the home screen of the App to get the option of enabling UPI Lite. After reading the terms and conditions, enter the amount to add in UPI Lite and select the linked SBI bank account. Insert your UPI pin and UPI Lite will be enabled successfully.
Time of India
4 days ago
- Business
- Time of India
SBI UPI services to be temporarily unavailable on August 6, 2025: Check time, alternatives
Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads What is UPI Lite? What is the transaction limit on UPI Lite ? How to enable UPI Lite in SBI What are the benefits of UPI Lite? How can customers load UPI Lite? The State Bank of India (SBI) has announced a scheduled maintenance activity that will lead to a brief disruption in Unified Payment Interface (UPI) services on August 6, 2025 for a certain Bank of India (SBI) has informed that its UPI services will not be available for 20 minutes from 1:00 AM to 1:20 AM on August 6, 2025, due to scheduled maintenance. During this time, customers can still use UPI Lite for making to SBI's official notice on social media X, 'Due to scheduled maintenance activity, SBI UPI services will be temporarily unavailable from 01:00 hrs to 01:20 hrs on 06.08.2025 (IST). Customers may continue to use UPI Lite Services for uninterrupted service. We regret the inconvenience caused to our customers.'To ensure continued digital payment support during the downtime, SBI has advised customers to use UPI Lite, which remains fully functional even when the main UPI channel is under Lite allows users to make small-value payments without needing real-time bank processing. It's ideal for low-ticket transactions like groceries, transit fares, or tea/coffee December 2024, the Reserve Bank of India (RBI) hiked the per-transaction limits on UPI Lite from Rs 500 to Rs 1,000. The overall wallet limit of UPI Lite has also been raised from Rs 2,000 to Rs 5, that UPI Lite balance should be treated equivalent to cash and the user will be responsible for the balance loaded in the Lite account. In case the user changes the mobile device, the user should disable the Lite account from the old mobile device & then enable a new LITE account on the new mobile 1: Open his/her UPI App (UPI app like Google Pay, PhonePe, or Paytm)Step 2: On the home screen of the App, users will get the option to enable UPI Lite. Click on the optionStep 3: User reads and accepts the terms & conditionsStep 4: User enters the amount to add in UPI LITE and select the SBI bank 5: User enters UPI PINUPI Lite enabled successfully!UPI Lite provides round-the-clock availability for customers, better small-value payment management, and is also convenient to track. Single-click payments are possible using UPI Lite, and customers can manage their spends with daily limits and there is no worry of hiding UPI pin in crowded places for small-value customer can add funds at any point of time by adding funds to UPI Lite from the UPI app where they have app will provide an option to top up/add funds to an active UPI Lite account
Hindustan Times
29-07-2025
- Business
- Hindustan Times
New UPI rules from August 1: Full list of key changes that you should know
The Unified Payment Interface (UPI) is set to introduce several changes to the instant payment service from August 1. The National Payments Corporation of India (NPCI) is going to implement the new rules to improve the performance of UPI transactions. The NPCI has announced that several changes will made to UPI from August 1.(Shutterstock) So, if you are a UPI user and rely on payment service providers like PhonePe, Google Pay or Paytm on a regular basis, then the new rules are set to affect the way the transactions take place. Though, the revised guidelines wouldn't impact your day-to-day transactions, it is set to bring in restrictions for UPI-related services. The new rules include caps on limiting services, like checking bank balance, auto payments, fetching bank account info and checking payment status. The NPCI has said that the new rules have been brought to enhance UPI's stability and efficiency. What are the changes in UPI from August 1: Here are some of the prominent changes that the UPI users are set to experience from August 1: Cap on checking bank balance on UPI: Starting August 1 onwards, the UPI users will be able to check their bank balance only 50 times a day on each UPI app. The restrictions would allow NPCI to decrease the pressure on the Application Programming Interfaces (API) system during the peak hours. Also Read: UPI will work slightly differently from August 1: Here's what's changing
