Indian Bank Meltdown Takes Out Walmart’s Leading Payments App
The digital payment service PhonePe, operated by Flipkart Online Services Pvt., is demonstrated during an arranged photograph in Bengaluru, India. (Photographer: Samyukta Lakshmi/Bloomberg)

Indian Bank Meltdown Takes Out Walmart’s Leading Payments App

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(Bloomberg) -- Walmart Inc.’s Indian payments service went down late Thursday after India’s central bank seized control of Yes Bank and froze transactions with the troubled domestic lender.
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