ICICI Bank has been told to allow UPI transactions from PhonePe app as soon as PhonePe and Flipkart start complying with UPI norms on interoperability, NPCI said. NPCI also asked Flipkart to allow payments from UPI handles of all banks on their apps. It said ICICI Bank has been told to allow UPI transactions from PhonePe app as soon as PhonePe and Flipkart start complying with UPI norms on interoperability. “Based on a review by NPCI on ICICI Banks’s action to block UPI transactions made through PhonePe App, we would like to state that ICICI Bank has been advised to open UPI transactions immediately,” an NPCI statement said on Thursday. NPCI said it had discussions with both ICICI Bank and Yes Bank before arriving at the decision.

Source: Mint January 20, 2017 16:31 UTC