Whether it is a match of one Rupee or a cake of 20 RS, clothes or books, nowadays digital payment option has come in everything and the issue of exchanging money has become very easy. And UPI payment is one of the most popular digital payments. This payment is made by connecting UPI to BHIM, Google Pay, Paytm, PhonePe. And very quickly the money reaches from one account to another. But in the next few days there may be problems with this unified payment interface or UPI payment. Customers can face this problem from 1 pm to 3 pm.
UPI will be working on behalf of National Payments Corporation of India (NPCI). Which could lead to this problem in the next few days. However, the NCPI did not say exactly when or for how long customers would have to deal with the problem. They just said that work will be done in the next few days to make the payment better and more secure.
To create a better architecture for the growth of UPI transactions, the UPI platform will be under an upgradation process for next few days from 1AM – 3AM.
— NPCI (@NPCI_NPCI) January 21, 2021
Users may face inconvenience, so we urge you all to plan your payments. pic.twitter.com/oZ5A8AWqAB
A tweet from NPCI yesterday said that work on the UPI platform will continue in the next few days to create a better infrastructure for UPI transactions. Work will be done every day from 1 to 3 o’clock at night. Therefore, it has been asked to plan ahead in terms of money exchange. The purpose of this work in UPI is to prevent financial fraud and to protect the money of the customers.
According to NCPI’s website, the BHIM UPI platform currently includes a total of 185 banks. Lots of accounts are connected to UPI through BHIM as well as other third-party apps. According to the latest data from NCPI, Walmart’s PhonePe has surpassed Google Pay for the sake of popularity. PhonePe currently has about 902.03 million subscribers. Google Pay is second. It currently has 654.49 million users.
According to NPCI’s new guidelines, no third-party app provider can exceed 30 percent of UPI’s total. It is currently available in our country. This has affected third party apps like PhonePe, Google Pay, Paytm and Mobikwik.
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