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PhonePe Restored to Normalcy After Service Outage

PhonePe transactions back to normal after Yes Bank fiasco

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PhonePe Yes Bank
As the Yes Bank fiasco hit UPI-based transactions last week, PhonePe employees had to work for 36 hours due to service outage. IANS

As the Yes Bank fiasco hit UPI-based transactions last week, PhonePe that was solely using Yes Bank’s services worked overnight with the National Payments Corporation of India (NPCI) and ICICI bank to ensure all its services were up and running within a day.

PhonePe, with close to 20 crore users, saw an extended service outage, which started immediately after the RBI moratorium on Yes Bank on March 5, lasting for nearly 24 hours. The company worked with the NPCI and ICICI bank, its new UPI partner.

All merchant payment settlements were restored by Friday noon and all consumer wallet, credit and debit card payments were restored by 3 pm, the company said in a statement. All UPI services were restored by Friday night, with PhonePe users continuing to use their UPI @ybl handles.

“Friday was an extraordinarily difficult situation with little precedence. We are grateful to the RBI, NPCI, Yes Bank, and ICICI for working collectively to ensure that millions of our customers and merchants were not inconvenienced a minute longer than necessary,” said Sameer Nigam, Founder and CEO PhonePe.

PhonePe
PhonePe, with close to 20 crore users, saw an extended service outage, which started immediately after the RBI moratorium on Yes Bank on March 5. Wikimedia Commons

PhonePe employees had to work for 36 hours straight to achieve this. The platform processed transactions of over Rs 4,000 crore in 24 hours and saw its largest ever volume of user traffic in a single day (with over 70 million app sessions).

Several petrol pumps rejected most of the UPI-based transactions over the weekend, including Paytm, PhonePe, and GooglePay.

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Even BharatPe, which deploys QR codes at small merchant outlets, stopped functioning. Millions of users failed to make or receive payments because of curbs imposed on Yes Bank. (IANS)

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Amazon Plans To Unveil Full-Fledged Cloud Gaming Platform

Amazon may launch an early version of its cloud gaming platform sometime this year if things are in order in the wake of the COVID-19 pandemic

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Amazon
Amazon may launch an early version of its cloud gaming platform sometime this year if things are in order in the wake of the COVID-19 pandemic. VOA

Amazon is reportedly working on a full-fledged cloud gaming platform under the code name Project Tempo, similar to Google’s Stadia and Nvidia’s GeForce Now.

The retail giant has been working on a game called Crucible ever since 2014 and along with that game, the company is going to bring another game called New World, which will be a multiplayer online game and will fit perfectly in the multiplayer game genre, reports The New York Times.

“The big picture is about trying to take the best of Amazon and bringing it to games,” the report quoted Mike Frazzini, Amazon’s vice president for game services and studios as saying.

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Amazon
Amazon is reportedly working on a full-fledged cloud gaming platform under the code name Project Tempo, similar to Google’s Stadia and Nvidia’s GeForce Now. Wikimedia Commons

“We have been working for a while, but it takes a long time to make games, and we’re bringing a lot of Amazon practices to making games,” Frazzini added.

When it comes to cloud-based gaming, Amazon will have to compete with Microsoft and Google. Both of them already have their feet firmly planted in the space, Microsoft with Project xCloud and Google with Stadia.

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Amazon may launch an early version of its cloud gaming platform sometime this year if things are in order in the wake of the COVID-19 pandemic. (IANS)