On November 26, the State Bank of India (SBI) will temporarily suspend its Unified Payment Interface (UPI) services for a few hours to facilitate essential technological upgrades. During this period, UPI transactions will be unavailable, but SBI customers can still make payments using alternative methods such as internet banking, YONO, YONO Lite, and ATMs.
The scheduled downtime will affect all SBI UPI users, impacting over 44 crore individuals. This disruption is part of SBI’s ongoing efforts to enhance its UPI platform, addressing past issues with quick transaction success rates.
UPI has become a widely adopted and convenient online payment method in India. As the internationalization of UPI continues, the Indian government is collaborating with various Western nations and Japan to introduce UPI services abroad.
In a separate initiative, the Reserve Bank of India has announced the integration of UPI payments with Singapore’s PayNow system, enabling faster and more transparent cross-border transactions between the two countries.
