PhonePe users report payment issues: Here's what the company co-founder has to say

PhonePe experienced a technical disruption on Monday, causing widespread transaction failures. A network capacity shortfall during peak traffic, triggered by active DR drills and heightened cybersecurity measures, led to the outage. While some users reported issues across various payment platforms and banking apps, services have largely been restored, and PhonePe is working to strengthen its systems.

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