PhonePe Hit By Tech Outage, Blames Network Capacity Shortfall

PhonePe said that it has rebalanced its traffic across its other sites and is witnessing recovery in its UPI system

Paytm CEO has said that the company’s app is working smoothly and is clocking 2X of regular volume

This comes at a time when UPI has faced several outages in the past few months

Fintech major PhonePe today suffered a major tech outage, leaving many users unable to make digital payments. 

As per tracking platform DownDetector, the Unified Payments…