Gallery
- PM Modi visit USAOnly the mirror in my washroom and phone gallery see the crazy me : Sara KhanKarnataka rain fury: Photos of flooded streets, uprooted treesCannes 2022: Deepika Padukone stuns at the French Riviera in Sabyasachi outfitRanbir Kapoor And Alia Bhatt's Wedding Pics - Sealed With A KissOscars 2022: Every Academy Award WinnerShane Warne (1969-2022): Australian cricket legend's life in picturesPhotos: What Russia's invasion of Ukraine looks like on the groundLata Mangeshkar (1929-2022): A pictorial tribute to the 'Nightingale of India'PM Modi unveils 216-feet tall Statue of Equality in Hyderabad (PHOTOS)
Gaurav Bidhuri, 2017 World Boxing Championship bronze medallist, joined hands with the Del
- U23 World Wrestling Championship: Chirag Chikkara wins gold as India end campaign with nine medals
- FIFA president Infantino confirms at least 9 African teams for the 2026 World Cup
- Hockey, cricket, wrestling, badminton, squash axed from 2026 CWG in Glasgow
- FIFA : Over 100 female footballers urge FIFA to reconsider partnership with Saudi oil giant
- Ecuador ready to make history against Uruguay: Beccacece
PhonePe transactions back to normal after Yes Bank fiasco Last Updated : 09 Mar 2020 01:03:12 PM IST PhonePe logo As the Yes Bank fiasco hit UPI-based transactions last week, PhonePe that was solely using Yes Bank's services worked overnight with the National Payments Corporation of India (NPCI) and ICICI bank to ensure all its services were up and running within a day.
PhonePe, with close to 20 crore users, saw an extended service outage, which started immediately after the RBI moratorium on Yes Bank on March 5, lasting for nearly 24 hours.The company worked with the NPCI and ICICI bank, its new UPI partner.All merchant payment settlements were restored by Friday noon and all consumer wallet, credit and debit card payments were restored by 3 pm, the company said in a statement.All UPI services were restored by Friday night, with PhonePe users continuing to use their UPI @ybl handles."Friday was an extraordinarily difficult situation with little precedence. We are grateful to the RBI, NPCI, Yes Bank, and ICICI for working collectively to ensure that millions of our customers and merchants were not inconvenienced a minute longer than necessary," said Sameer Nigam, Founder and CEO PhonePe.PhonePe employees had to work for 36 hours straight to achieve this.The platform processed transactions of over Rs 4,000 crore in 24 hours and saw its largest ever volume of user traffic in a single day (with over 70 million app sessions).Several petrol pumps rejected most of the UPI-based transactions over the weekend, including Paytm, PhonePe, and GooglePay.Even BharatPe, which deploys QR codes at small merchant outlets, stopped functioning.Millions of users failed to make or receive payments because of curbs imposed on Yes Bank.IANS Bengaluru For Latest Updates Please-
Join us on
Follow us on
172.31.16.186