Only 0.8% of UPI transactions face 'technical declines' now: NPCI

Dilip Asbe, NPCI's MD and CEO, reported a significant drop in UPI technical decline rates, now at 0.8%, down from 8-10% in 2016. With 400 million active users, the focus is shifting low-value transactions to UPI Lite to optimize server capacity. Asbe declined to comment on the impending 30% market share cap on UPI transactions.