UPI down 3 times in 15 days..!? Is IPL cricket the reason for this?

 UPI is an innovative force that has increased India's reputation globally. In that way, UPI has been able to change the face of the indian banking system on the world stage. Even foreign countries are lining up to support India's wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital innovations. Meanwhile, the UPI network has gone down 3 times in the last 15 days. The tech world has been shocked by the discovery of experts who searched for the reason behind this. UPI currently plays a key role in the indian Premier League (IPL). Yes, since the start of IPL, legal and illegal betting related to the match has increased. This has created a huge pressure on the IT infrastructure of banks. Reports indicate that illegal gambling worth US$100 billion (approximately Rs. 8.3 lakh crore) takes place in india every year during IPL matches. Apart from this, other lucky draws are also conducted through legal apps. And this season, most of the legal apps offer daily top prizes of up to Rs. 3 crore. There are also foreign online platforms that offer services to indian citizens through cryptocurrency and mule accounts.
Transactions worth crores of rupees are processed simultaneously through such channels. Today, the UPI network is mostly used for legal and illegal transactions. This severe pressure led to UPI going on strike 3 times in 15 days. India's UPI system has become the world's largest real-time wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital payment system. More than US$3 trillion (approximately Rs. 250 lakh crore) of transactions are processed through this system annually. With the advent of IPL, the number of transactions increased drastically. This increased the server load and led to failed transactions. The National Payments Corporation of india (NPCI), which oversees UPI, publishes a report on the 'failure rates' of banks every month. The report for the coming month is very important in the current situation. The reserve bank of india (RBI) has taken a tough stand on the wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital performance and cyber security of banks. In this situation, banks are now turning to big data and artificial intelligence (AI)-based analytics companies. Startups like Bengaluru-based VuNet Systems monitor nearly 1 billion transactions every day and process about 50 terabytes of data daily.
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UPI

Sowmiya Sriram

17/04/2025 11:18 AM