Earlier this week reports surfaced that Flipkart’s mobile wallet and UPI platform PhonePe had alleged that private sector bank ICICI had reportedly blocked its payments over ‘restrictive practices’ and ‘security concerns.’ Commenting on the development an ICICI Bank spokesperson said: “A certain non-banking application is following a restrictive practice of allowing only users of its own […]
The post NPCI Gives A Clean Chit To PhonePe, Instructs ICICI Bank To Open Up UPI Transactions appeared first on Inc42 Media.