How PhonePe was back up in 24 hours after outage due to Yes Bank crisis

When the RBI put Yes Bank under a moratorium, its digital partners were also affected, including PhonePe. Here's how it got back up in 24 hours.

9th Mar 2020
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Last week was certainly quite action-packed for the Indian startup ecosystem when the Reserve Bank of India (RBI), in a rare move, put Yes Bank under a moratorium. While this caused nation-wide panic to its customers, the bank's digital partners were also affected, including PhonePe.


But the digital payments major prevailed and almost 24 hours after announcing a downtime due to ‘unscheduled maintenance activity’, PhonePe sprung back with UPI payment service live on its platform. Read more to know how.


Phonepe_Capsule

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Quote of the week:

The biggest question people have is why funding is so tough. It's not tough, it's misunderstood. 
- Asutosh Upadhyay, Axilor Ventures




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