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The solution by Razorpay POS will provide instant refunds for failed UPI transactions within two minutes, as against the industry benchmark of 5-6 business days, said the company.
There are numerous factors that can cause UPI transactions to fail in terms of payments. Here are some tips that may assist you in making your payment if you have experienced comparable payment problems.
To protect against fraud, some UPI transactions might get flagged for further review. You can contact the bank or the customer support of the UPI app.