PhonePe suffers technical disruption on Monday, impacting several transactions

UPI player PhonePe on Monday evening experienced a technical disruption that resulted in several transaction failures. The company said the Monday evening peak traffic exposed a network capacity shortfall due to which transactions started failing.

PhonePe’s co-founder Rahul Chari on X said, “Given the escalation of the conflict last week, at PhonePe we initiated active DR drills, with heightened cybersecurity measures on our network firewall. This evening, 100% of our traffic across all our services was being served through a new data center.”