PhonePe not working

PhonePe not working

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Deal Cadet
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PhonePe service is stopped temporarily
May be because Yes bank is the backend provider
They are saying that they are going under maintenance

12 Comments  |  
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Deal Captain
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Complete UPI is gone

may be planning something like yes bank limitation

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Deal Subedar
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…Done use phonepe for big amounts….Mother dairy etc is fine but yes phonepe is linked with yes bank so some problem is understood….dont pay credit card or electricity bills…

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Shopping Friend
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PhonePe in talks with ICICI Bank for UPI play

Digital payments major PhonePe is working with private sector lender ICICI Bank to forge a partnership and offer Unified Payments Interface-based digital transactions to its customers, according to two people in the know of the matter.

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Deal Subedar
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abhishek012 wrote:

PhonePe in talks with ICICI Bank for UPI play

Digital payments major PhonePe is working with private sector lender ICICI Bank to forge a partnership and offer Unified Payments Interface-based digital transactions to its customers, according to two people in the know of the matter.

Isn’t PhonePe already ordered by RBI to have relationship with multiple banks instead of yes..? I vaguely remember reading something in similar lines.

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Deal Cadet
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@dev007 Other than Gpay no 3rd party psp has this feature. If phonepe tie up with icici they’ll come up with a new upi handle like mi pay’s @ myicici . Cause @ icici handle is highly saturated now.

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Critic
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dev007 wrote:

Isn’t PhonePe already ordered by RBI to have relationship with multiple branches instead of yes..? I vaguely remember reading something in similar lines.

Never heard anything like this,most 3rd party upi apps use 1 bank. Google pay is the only exception which uses 4 banks but then google is also one of the biggest company in the world.

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dev007 wrote:

Isn’t PhonePe already ordered by RBI to have relationship with multiple branches instead of yes..? I vaguely remember reading something in similar lines.

Circular 81 (2nd March 2020) – Guidelines for Multi-bank model and migration from Single bank to Multibank PSP model (PDF file) -

https://www.npci.org.in/sites/default/files/cir...

Circular 32 (15th Sept 2017) – Multi-Bank Approach (PDF file) - https://www.npci.org.in/sites/default/files/cir...

@ZNZ

@guest_999

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