Unified Payments Interface (UPI) News & Updates

Messages
1,107
Location
Sikkim
ISP
Reliance, BSNL
I've switched back to credit/debit card for P2M transactions and use UPI only for P2P transactions. The failure rate of UPI transactions and the number of times error message "Your bank is currently experiencing technical difficulties" shows up is higher than what I'd like to see.
 

Navjot Singh

Toss a coin to your Witcher
Staff member
Messages
8,741
Location
Gurgaon
ISP
Airtel
The committee also concluded that both P2P & P2M UPI transaction apps processing more than 5% of the total volume of the ecosystem shall mandatorily move to multibank model only.

What does this mean?