PhonePe UPI returns after 24 hours of outage

The PhonePe has been restored it's UPI payment service after almost 24 hours of service outage.The reason was due to its partner Yes Bank was placed under moratorium by Reserve Bank Of India (RBI).
PhonePe's competitors BharatPe's users and many other startups who has partnered with Yes Bank has also been suffered due to Yes Bank's crisis.@ybl which is Yes Bank’s IP, got transferred to ICICI Bank at the tech backend, not affecting PhonePe’s customers and allowing them to continue their services.

Currently, PhonePe is one of the top UPI payment service app in India with an estimated market share of 40%.