Delhi: The Indian Premier League (IPL) is the world’s largest T20 franchise tournament, when the IPL runs, all other activities in India are stopped. Hotels, airlines, restaurants and streaming platforms, every industry becomes a part of this cricket Mahakumbh, but in this environment of celebrations there is an area where the trouble is increasing, and that is the Indian banking sector.
Why this season of IPL is becoming a headache for banks?
When the audience is looking at the thrill of sixes and knots and wickets on the field, then the banks are eyeing the transaction of money. Along with IPL, there is a tremendous jump in betting activities in India. According to reports, this speculative market has been more than $ 100 billion.
This betting is not limited to India only, cricket lovers from all over the world join this game through international online betting sites. Many of these sites operate through cryptocurrency, which makes it very difficult to find out the money.
UPI is making betting easier
Due to UPI (Unified Payments Interface), it has become much easier than ever. It is the most popular instant payment system in India, from which money can be transferred to only one tap. This facility has now become the fastest and convenient option for bookies.
Today people can send speculative amounts ranging from $ 1 to $ 1 million in a moment. UPI handles transactions of more than $ 3 trillion every year, but during the IPL, the figure increases even more fast, causing trouble.
UPI server is unable to withstand IPL pressure
During the current season of IPL 2025, there is heavy pressure on the UPI server. In the last 20 days, there have been major outages at least twice. A big outage took place when the match was being played between Gujarat Titans (GT) and Rajasthan Royals (RR), GT won the match by 58 runs. During that time the UPI stalled for about 95 minutes.
Now the biggest question is whether banks and payment systems will be able to handle this fast transaction volume in high traffic season like IPL, or will you get more blackouts in the coming time?
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(Tagstotranslate) IPL 2025