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Yes Bank Restrictions Leads To Online Banter Between Paytm Payments Bank & PhonePe

Shubham Sachdeva by Shubham Sachdeva
March 7, 2020
in What’s Buzzing
A A

The whole nation got surprised after RBI announced about restrictions on Yes Bank account holders recently. While the Financial Minister is continuously ensuring depositors that their money is completely safe, a lot of people are still in a panic about the whole situation and some are coming up with sarcastic memes.

Seeing this opportunity to gather online attention, Paytm Payments Bank smartly took a dig at PhonePe after it tweeted about the outage of service on its payment application due to restrictions on its banking partner Yes Bank.

We are temporarily unavailable.

We are going through an unscheduled maintenance activity. We apologize for any inconvenience this may cause.

We’ll be back soon.

— PhonePe (@PhonePe) March 5, 2020

Dear @PhonePe_ ,

Inviting you to @PaytmBank #UPI platform. It already has huge adoption and can seamlessly scale manifold to handle your business.

Let’s get you back up, fast!

— Paytm Payments Bank (@PaytmBank) March 6, 2020

PhonePe was quick to reply

Dear @PaytmBank
Inviting you to consider that if your #UPI platform was so 'seamlessly scalable', we'd have called you ourselves.

No point getting back up faster, if we have to desert our long term partners when they're down. Form is temporary, class is permanent.

— PhonePe (@PhonePe) March 6, 2020

Netizens observed this Twitter banter and came with their opinions. Here are some of them:

1.

https://twitter.com/ishivrajroy/status/1235963207702827008

2.

Just uninstalled PayTM after reading this classless tweet.

— Kamya Chandra (@kamyachandra) March 6, 2020


3.

This is in bad taste, don't make fun of people who are down and injured. They might bounce back stronger than you think. Your successes is getting on to your head. Avoid that…

— Randhir Singh 🇮🇳 (@randhirs) March 6, 2020


4.

@GooglePay be like : uff kids these days. 😂

— Sushil Kumar (@sk2640) March 6, 2020


5.

Not cool @Paytm – this development is an ecosystem issue and has much deeper ramifications. Wouldn’t kick a competitor when they are down, especially for something one can’t truly take credit for.

— Chiranth Patil (@chiranthpatil) March 6, 2020

What are your views on this convo from India’s leading online platforms?

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