UPI transactions hit 5.05 lakh crore in March.

 UPI transactions hit 5.05 lakh crore in March.

 UPI transactions hit 5.05 lakh crore in March.

UPI is being the most popular way of doing payment and giving more power to digital india campaign.

Digital Payments are on all time high and this month on month surge in UPI transactions is testimony of India's progressive digital payments ecosystem.

RBI estimates the 87 billion UPI transactions in 2021.

People love paying via UPI for their small and medium transactions.

With the help of tools like Paytm Audio box, shopkeepers feel convenience in accepting payments via UPI.

After the launch of Audio box by Paytm, small shops are preferring to use Paytm QR code for accepting UPI payments.


However, the journey of digital payments is very long.

Still UPI facing server issues so many times, transaction failures are also a very big concern.

Refunds take 7 or sometimes more than 7 days on transaction failure.

UPI apps denies to give the proper support on transaction failure issues.

Network issues are the major drawback for UPI payments in small towns.