PhonePe stops all UPI-based payments on Flipkart website. Is India not ready with UPI based payment service yet?
Advertisement
Advertisement
Situations after demonetisation aren’t very comfortable as the government pushes for digital economy, but the instruments to implement doesnt. While there have been countless instances earlier, the PhonePe-What exactly happened?
If the ICICI Bank is to be believed, Phone Pe was following restrictive practice in UPI payments by only allowing the users of its own
The Phone Pe has requested National Payments Corporation of India (NPCI), the developer of the Unified Payments Interface (UPI), to allow interoperability.
What’s the situation now?
“We have made multiple requests to
Advertisement
“Under the current circumstances we believe it’s unfair to subject our own merchants, including Flipkart, to such poor service quality. We requested Flipkart to allow us to temporarily suspend UPI-based payments on the Flipkart app until this issue is properly resolved,” PhonePe added.
Last Thusrday, NPCI had a tripartite discussion among ICICI Bank,
However a day back, NPCI did a U-turn and said that Flipkart’s e-wallet had violated interoperability norms.
ICICI Bank has further confirmed that once Phone Pe allows interoperability, UPI transactions for the app will be opened.
Advertisement
- I got a $40K raise using this 30-second strategy. It made me realize loud work, not hard work, always wins.
- Qatar Airways' new CEO explains why it's sticking with the Airbus A380 as other airlines retire the costly superjumbo
- Prince Harry and Meghan found out about Kate Middleton's cancer diagnosis on TV like everyone else, report says
- Sustainable Event Planning
- Ambani, Adani collaborate: RIL picks 26% stake in Adani Power project
- As back-to-office avatars turn casual, comfy sneaker sales pick up pace
- Fresh photographs of Milky Way’s black hole Sgr A* reveal strong, twisted magnetic field similar to M87*
- 8 Lesser-known places to explore in Himachal Pradesh