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UPI sets new record in July - The Hindu BusinessLine
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RBI extends deadline for compliance with rules on failed transactions
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Highlights
Reversal on failed UPI transaction.
Year end closing transaction failures.
New Delhi: On April 1, the Financial Year end closing had led to some UPI and IMPS transaction failures at few banks.
The National Payments Corporation of India in a tweet said that it had have observed that most of these bank systems are back to normal since the evening of April 1 while customers may avail uninterrupted IMPS and UPI services.
The Financial year end closing had led to some UPI and IMPS transaction failures at few banks. We have observed that most of these bank systems are back to normal since last evening. Customers may avail uninterrupted IMPS and UPI services.
Jan 04, 2021, 19:02 PM IST
To provide people with better financial services and to facilitate payment services, Fintech service provider Satmat Group registered as SATMAT Technologies Pvt. Ltd has partnered with largest Bank to offer banking-as-a-service API. An API is a programming interface that lets you interact with third-party services using simple instructions.
When done well, API portals create a great place for financial services organisations to share, collaborate, promote and discover APIs, helping to propagate better quality APIs, more choice, and keep up-to-date in the fast-paced API world.
Some of the services provided are API, Composite API, eCollection API, IMPS API, UPI Collection API, AEPS Aadhaar Enabled Payment System and BBPS (BHARAT BILL PAYMENT SYSTEM), a product of NPCI. Anyone from a businessman to a regular customer across the globe can avail these services through SATMAT Group. In the wake of a global pandemic, access to these online services have proved