Rise in payment failures puts focus on banking infra overhaul2 min read . Updated: 22 Oct 2020, 08:10 AM IST
- Instances of failed payment attempts due to network issues on bank’s and NPCI’s servers have been increasing
A significant spike in Unified Payments Interface (UPI)-based transactions and a simultaneous rise in the number of failed payments calls for greater investment and focus on the banks’ capacity to handle increasing volumes, experts said.
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