UPI Payment Down: The Unified Payment Interface (UPI), the instant payment gateway operated by the National Payments Council of India (NPCI), was closed for over an hour. Ever since the UPI server went down, many users started reporting on social media that the UPI server is down and they are unable to do any transaction using digital wallets or online payment services like Google Pay, Phone Pay and Paytm. Many users were left wondering if there was really some problem with UPI or it was just a problem on their part.
Some users also posted screenshots of their failed UPI transactions on social media. One such user said that he was trying to make payment through Google Pay for a few hours but was not able to do so. However, at 5.18 pm, NPCI tweeted saying, ‘Sorry for the inconvenience caused to UPI users due to technical problem. UPI service is now functional and we are closely monitoring the system.
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According to the recently released data, in December 2021, UPI recorded 456 crore transactions, totaling Rs 8.26 lakh crore (approximately $111.2 billion). In addition, UPI transactions registered transactions worth over Rs 73 lakh crore (approximately $970 billion) from January 2021 to December 2021. There was an increase of more than 110 percent year-on-year compared to the calendar year 2020.
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PhonePe led UPI transactions in December 2021. This month there was a transaction of 3.94 lakh crores. Google Pay maintained its second position with total transactions of 3.03 lakh crores. Paytm came third with transactions of Rs 88,094 crore. Amazon Pay secured the fourth position with a transaction of Rs 6,641 crore and WhatsApp Pay came in the fifth position with a transaction of Rs 188 crore.