UPI users get locked out as Yes Bank goes offline3 min read . Updated: 07 Mar 2020, 12:23 AM IST
- PhonePe, however, resumed UPI services by the end of the day with a new partner bank
- According to reports, Yes Bank accounted for 39% of all UPI transactions in the country
New Delhi: Millions of users on PhonePe, one of India’s largest Unified Payments Interface (UPI) payment platforms, failed to make or receive payments for the most part of Friday because of curbs imposed on the payments company’s partner Yes Bank.
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