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 $4
What exactly happened?
If the $4is to be believed, Phone Pe was following restrictive practice in$4 by only allowing the users of its own
The Phone Pe has requested $4, the developer of the Unified Payments Interface (UPI), to allow interoperability.
What’s the situation now?
“We have made multiple requests to
“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 $4on the $4 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.