Indian Startups17mo
by SillyDonutTCS
UPI down for many Banks.
Are u facing this issues?
Why can't banks keep their server up especially HDFC and SBI etc.
CosmicTaco
UPI Outage Affects Thousands Nationwide
- Unified Payments Interface (UPI) services were disrupted nationwide due to technical issues.
- The National Payments Corporation of India (NPCI) cited 'intermittent technical issues' as the cause.
- Users faced difficulties making payments through apps like Google Pay and Paytm.
- The outage follows a ransomware attack in August 2024 that impacted UPI services for small banks.
- Services were restored late on March 26, according to NPCI's post on X.
Source: Inc42
4mo ago
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Indian Startups18mo
by SleepyMarshmallowZomato
Paytm gets a shock from RBI
PAYTM Payments Bank essentially asked to shut shop.
Afaik here are the few implications
- Stock market will react in a bad way to them
- Worst affected are going to be FasTag users who bought from PayTM.
- No deposits / credits...
Top comments
That stock is about to crash so fucking hard. Thank god i got out. The crappiest IPO of this decade.
This is eerily reminiscent of Razorpay debacle. Something similar has even happened to AmEx at some point in India. ...
Very bad. This was my everyday bank account for small transactions. Easy to remember account number also
Fintech India17mo
by WobblyBiscuitZomato
Paytm and it's downfall
Will Vijay Shekhar Sharma be able to revive the company in next 6 months or Paytm will lose its existence among upi customers ???
by CosmicTacoGrapevine
Paytm Receives NPCI Approval to Onboard New UPI Users
- Paytm has received approval from the National Payments Corporation of India (NPCI) to onboard new UPI users.
- This comes after the Reserve Bank of India's (RBI) restrictions on Paytm Payments Bank in January.
- Despite restrictions, P...