UPI transaction failed? There's a solution coming for you
Updated: 03 Aug 2022, 09:44 AM IST
TL;DR.The system will intimate banks about beneficiary’s credit status and start debit reversal within 30 seconds in case of failure
State Bank of India, the largest remitter bank on the UPI platform, had a debit reversal success rate of 84. 61% in June, compared with 98. 92% for HDFC Bank, the second largest remitter network on the platform.