Walmart’s Indian payment service has been dealt a blow after India’s central bank took control of troubled lender Yes Bank and froze transactions
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Casualties of the crisis include Walmart-owned PhonePe, India’s largest digital payments provider with 175 million customers. “We sincerely regret the long outage...Entire teams’ been working all night to get services back up as soon as possible,” PhonePe CEO Sameer Nigam tweeted on Friday.
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