Outage

PhonePe system faced UPI payment failures due to tech glitch

PhonePe system faced UPI payment failures due to tech glitch

13 May 2025, 13:25 PM

PhonePe co-founder Rahul Chari said that the company has initiated active DR drills, with heightened cybersecurity measures on its network firewall.

Fintech Hightlights

  1. BillDesk co-founder MN Srinivasu is new IAMAI chairman

  2. PhonePe system faced UPI payment failures due to tech glitch

  3. BillDesk reports decline in FY24 revenue, profits

  4. Paytm financials: FY25 revenue dips 31% to Rs 6900 crore; loss narrows 50%

  5. General Catalyst leads $218 million seed round in PB Fintech's healthcare unit
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