Hot Deal Alert - UPI Users - UPI payments may not work reliably after midnight for a few days from 1AM to 3AM

369°
Deal Captain
606
13567
170

Alert – UPI Users – UPI payments may not work reliably after midnight for a few days from 1AM to 3AM, Users should avoid making transactions during the specified time to avoid incovenience:

The NPCI has noted that it will go under the upgradation process “over the next few days” from 1AM to 3AM. Users should avoid making transactions during the specified time to avoid incovenience.

https://cdn0.desidime.com/attachments/photos/661138/medium/7330683VKClZ0b.jpg?1611220665

The National Payment Corporation of India (NPCI)’s UPI platform will go under the upgradation process for the next few days, NPCI wrote on its Twitter account. The digital payment platform noted that the upgradation process will take place from 1AM to 3AM over the next few days and that users may face inconvenience. However, it did not specify the days the upgradation process will take place, saying that it will take place for the “next few days.” Users should avoid making transactions during the time specified by the NPCI.

“For you to have a better, safer payment experience, we’re upgrading our UPI platform. UPI users may face inconvenience from midnight 1am to 3am for the next few days,” the official NPCI account on Twitter noted.
NPCI runs the Unified Payments Interface (UPI) used for real-time payments between peers or at merchants’ end while making purchases.

NPCI on its website has noted that cyber threats are managed and mitigated by the Information Security team by “leveraging technologies appropriately deployed which are used by constantly trained professionals using well developed procedures adopted from various industry best practices and guidelines.” It also notes that the NPCI has deployed various technologies to upgrade its security posture leveraging a multi-layered defense approach to combat evolving cyber threats.

There 165 banks that are currently listed on the BHIM UPI platform. As of October 2020, the NPCI recorded 155.14 million users on Android and 2.94 million users on iOS. The Covid-19 pandemic saw a surge digital payments as they are contactless and considered safer. Moreover they give discount coupons and cashback offers which draw more users. PhonePe surpassed Google Pay for the third consecutive month to dominate the UPI market. In December 2020, PhonePe processed 902.3 million transactions, which accounted for Rs 182,126.88 crores.

Deal Wiki

Read Also – NPCI Creating Open-Source Platform For UPI - https://www.desidime.com/discussions/npci-creat...

16 Comments  |  
12 Dimers
  • Sort By
67
694
4

UPI the biggest disaster in payment gateway ever created

0
491
9

Vu+Kg

606
13567
170
SastaRaju wrote:

UPI the biggest disaster in payment gateway ever created

UPI is best payment service but the main problem is our Indian banking system are currently not ready to handle real time online payments.

89
599
2

KG’d
Saved me from unnecessary headaches. I do most of my UPI txns during that time period smile

89
599
2
SastaRaju wrote:

UPI the biggest disaster in payment gateway ever created

Yes, a lot of time it fails, but still it is the best thing that has happened after removal of NEFT txn charges by most banks.

199
1561
10

Use Paytm upi only. Never failed.

359
5037
41
AS007 wrote:

Use Paytm upi only. Never failed.

joy joy
67
694
4
Expand
abhishek012 wrote:

UPI is best payment service but the main problem is our Indian banking system are currently not ready to handle real time online payments.

Its the worst and the service is seriously flawed . Why ?

Banks dont make a single penny so they dont care about UPI servers .

Too many banks are involved for a single transaction to go through as a result if 1 banks server is down all will fail

Ncpi cant charge users defeats the whole purpose of creating the frame work . They are stuck with a gateway where they will have to upgrade with their own money . Puts pressure on the system

0
238
5
Expand
SastaRaju wrote:

Its the worst and the service is seriously flawed . Why ?

Banks dont make a single penny so they dont care about UPI servers .

Too many banks are involved for a single transaction to go through as a result if 1 banks server is down all will fail

Ncpi cant charge users defeats the whole purpose of creating the frame work . They are stuck with a gateway where they will have to upgrade with their own money . Puts pressure on the system

It’s the biggest success story in fintech domain in last 20-30 years.

https://yourstory.com/2019/12/google-us-federal...
https://www.orfonline.org/expert-speak/democrat...
https://bfsi.economictimes.indiatimes.com/news/...
https://economictimes.indiatimes.com/tech/techn...
https://www.dealstreetasia.com/stories/guest-po...

failures are still minuscule compared to that and
NCPI is trying to upgrade the system because of that only. banks are also trying to upgrade their system. Still 2.2 billion transactions in a month and 2.2 percent failure rate is not much.

https://trak.in/tags/business/2020/12/04/upi-su...

126
357
2
Expand
kapilkrazzy wrote:

It’s the biggest success story in fintech domain in last 20-30 years.

https://yourstory.com/2019/12/google-us-federal...
https://www.orfonline.org/expert-speak/democrat...
https://bfsi.economictimes.indiatimes.com/news/...
https://economictimes.indiatimes.com/tech/techn...
https://www.dealstreetasia.com/stories/guest-po...

failures are still minuscule compared to that and
NCPI is trying to upgrade the system because of that only. banks are also trying to upgrade their system. Still 2.2 billion transactions in a month and 2.2 percent failure rate is not much.

https://trak.in/tags/business/2020/12/04/upi-su...

logo ney kabhi line ma lagkar payment nahi kiya nah toh thodi bhout inconvenience pe shuru ho jaatey, UPI is one of the best payment methods.

141
1445
84
SastaRaju wrote:

UPI the biggest disaster in payment gateway ever created

How its a disaster ?

4,675
28535
50

vu +kg

109
519
4
Expand
SastaRaju wrote:

Its the worst and the service is seriously flawed . Why ?

Banks dont make a single penny so they dont care about UPI servers .

Too many banks are involved for a single transaction to go through as a result if 1 banks server is down all will fail

Ncpi cant charge users defeats the whole purpose of creating the frame work . They are stuck with a gateway where they will have to upgrade with their own money . Puts pressure on the system

Do one thing. You try to live without using it. Nothing in the world is foolproof. It’s one of the best things to come out of India. France and other countries are atleast a decade behind this kind of fintech.

0
238
5
Expand
peekaydeals wrote:

Do one thing. You try to live without using it. Nothing in the world is foolproof. It’s one of the best things to come out of India. France and other countries are atleast a decade behind this kind of fintech.

Yeah, that’s what I said. US is living on cards, Europe is still living on cheques. Asian countries are still running cash besides china. And about China, UPI is much better than AliPay and WePay(a simple google search will reveal that).

Still people are saying its the worst service, they should check the transaction failure rate in visa and mastercard platform and their fee. Besides its only being used in India with no profit, still have overtaken Amex and supposed to overtake Visa/Mastercard in future.

Let’s hope it will be rolled out in other countries and we charge them for our tech and assistance..

0
4174
35
SastaRaju wrote:

UPI the biggest disaster in payment gateway ever created

Its free.(upto certain limit and until npci decides to monetize it)
Its convenient.
You don’t have to wait.
What more you want?
It is still in early period so it has some drawbacks. But still better than the rest.

Missing