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Indian banks need to spend more to enhance IT systems as consumers go online spglobal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from spglobal.com Daily Mail and Mail on Sunday newspapers.
The networks of India’s biggest banks have struggled to keep pace with India’s mobile payments revolution, crashing again and again. The outages are exposing years of underinvestment in technology and a surprising lack of preparedness, analysts and executives say. ....
India's Mobile Payments Revolution Dragged Down By Bank Tech Glitches ndtv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ndtv.com Daily Mail and Mail on Sunday newspapers.
Monetary policy: Soon, you can withdraw cash from digital wallets business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
New users and clunky apps add to UPI failures at PSBs Premium NPCI showed that 29 of 30 banks saw higher rate of business decline compared to technical failures (Mint) Share Via Read Full Story Transaction failures on Unified Payments Interface (UPI) are on the rise, with state-run banks leading the way. However, according to National Payments Council of India (NPCI), transaction failure due to customer errors were higher than the number declines due to a technical snag. Technical declines occur due to network or system errors, while business declines happen when a wrong pin or incorrect beneficiary account details are provided by the customer. ....