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Posts Tagged ‘ National Payments Corporation of India ’

ICICI Bank allows UPI transactions through Flipkart’s PhonePe

Thursday, February 2, 2017 | More »

In U-turn, NPCI tells PhonePe to adhere to UPI norms
After weeks of confusion and a near-verbal spat between Flipkart’s e-wallet PhonePe and ICICI Bank, the private sector lender has finally allowed UPI-based transactions on the payments app. “The merchant has now adhered to the NPCI guidelines on interoperability by making the necessary corre...

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Flipkart’s PhonePe lashes out at ICICI, accuses bank of ‘flexing muscle’

The tussle between Flipkart’s digital wallet PhonePe and ICICI Bank over the UPI payments issue has taken the form of a public spat, with the startup’s founder and CEO Sameer Nigam accusing the country’s biggest private-sector lender of “flexing its muscle to overcome what they belie...

23 January, 2017 | More »

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Flipkart halts UPI payments after NPCI reverses stand in ICICI-PhonePe tussle

Flipkart-owned PhonePe has halted payments through the unified payment interface (UPI) option on the e-commerce company’s app as National Payments Corporation of India (NPCI) and ICICI Bank turn up the heat on the digital wallet to adhere to interoperability norms, a financial daily reported o...

22 January, 2017 | More »

In U-turn, NPCI tells PhonePe to adhere to UPI norms

In U-turn, NPCI tells Flipkart’s PhonePe to adhere to UPI norms

Making a U-turn in the tussle between private-sector lender ICICI Bank and Flipkart’s digital wallet PhonePe, National Payments Corporation of India (NPCI) on Friday said PhonePe doesn’t adhere to interoperability norms of the Unified Payments Interface (UPI). NPCI, the umbrella organisation...

20 January, 2017 | More »

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ICICI Bank rejects NPCI call to unblock PhonePe

The tussle between ICICI Bank and online retailer Flipkart’s digital wallet, PhonePe, isn’t likely to end soon with the private-sector lender again refusing to allow transactions through the payment app. The latest refusal comes after National Payments Corporation of India (NPCI), an umbrell...

20 January, 2017 | More »

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BHIM app review: Simple, secure and intuitive

It’s not even been a week since the BHIM (Bharat Interface for Money) app was launched by Prime Minister Narendra Modi, and it has already crossed 3 million downloads. It has also facilitated half a million transactions, according to a tweet by NITI Aayog chief executive officer Amitabh Kant. ...

4 January, 2017 | More »

NPCI

Govt body running payment system RuPay valued at $70M

Public sector lender Corporation Bank said it will acquire 1.06 per cent stake in National Payments Corporation of India (NPCI), the government body running payment network under the banner RuPay. The Mangalore-based bank will subscribe to 1,42,000 shares representing 1.06 per cent stake in the reta...

13 January, 2016 | More »

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RuPay cards of all PSBs are now e-commerce enabled: NPCI

The National Payments Corporation of India (NPCI) today said it has completed system integrations to enable e-commerce transactions through RuPay cards of the public sector banks. “RuPay card holders of all public sector banks are now eCommerce enabled. Card-holders can now conveniently purcha...

6 April, 2015 | More »