Meaning
UPI Transaction Status shows whether a UPI payment is successful, pending, or failed. It is an essential tool for tracking digital payments.
Importance
- Provides clarity on payment completion
- Helps users detect failed or delayed transactions
- Ensures transparency in financial transactions
- Useful for businesses to confirm received payments
How It Works
Banks and UPI apps update the transaction status in real time. Users can view the status in their app, which helps in resolving disputes or taking further action if a payment fails.
Also Read: How to Check UPI Transaction Status?
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