UPI server restored after brief outage

Due to the temporary outage, transactions were not being processed through major UPI apps like PhonePe, Google Pay and Paytm

This was the second time in the year that the UPI server went down -- the last time being January 9. NPCI was yet to issue a formal tweet or statement on the disruption.

UPI, a real-time payments system by the National Payments Corporation of India (NPCI), makes up over 60 percent of India's retail transactions.

The payments system handles huge volumes of transactions, with a majority of those being low-value transactions. Transactions below Rs 100 make up 75 percent of UPI volumes.

In the month of March alone, UPI saw 540 crore transactions amounting to Rs 9.60 lakh crore.

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