Analysis of News relating to the Digital Money Ecosystem

NPCI asks ICICI Bank to unblock transactions on PhonePe mobile wallet - BGR India

20/01/2017 Link to source

NPCI asks ICICI Bank to unblock transactions on PhonePe mobile wallet NPCI asks ICICI Bank to unblock transactions on PhonePe mobile wallet . ICICI Bank had blocked transactions by its customers on Flipkart-owned mobile wallet PhonePe. The lender refused to unblock transactions accusing PhonePe of following a “restrictive ... Flipkart's PhonePe lashes out at ICICI, accuses bank of 'flexing muscle' VCCircle NPCI asks ICICI Bank to stop blocking PhonePe transactions Livemint NPCI Reverses Stance On PhonePe-ICICI Debacle, Asks To Facilitate Interoperability Inc42 Magazine (press release) (blog) all 74 news articles »

Context

	ICICI Bank India's largest private sector bank and the second largest bank in the country
	India The Republic of India is a country in South Asia. It is the seventh-largest country by area and the second-most populous country.
	Flipkart Private Ltd (FPL) Flipkart is a leading destination for online shopping in India, offering options of paying through Cash on Delivery, Debit Card, Credit Card and Net Banking.
	National Payments Corporation of India (NPCI) National Payments Corporation of India (NPCI) commenced business in April 2009 as an umbrella institution for all the retail payment systems in the country.
	Mobile Money Transfer The Mobile Money Transfer (MMT) category has been described by Shift Thought™ to include personal money transfer transactions initiated using a mobile device.
	ICICI Bank ICICI is a Bank operating in India
	ICICI Bank Singapore The Monetary Authority of Singapore (MAS) granted Qualified Full Banking (QFB) privileges to ICICI Bank Singapore in March 2010. largest bank in the country
	Payment Gateway Services Private Limited Flipkart is a leading destination for online shopping in India, offering options of paying through Cash on Delivery, Debit Card, Credit Card and Net Banking.
	National Payments Corporation of India (NPCI) National Payments Corporation of India (NPCI) commenced business in April 2009 as an umbrella institution for all the retail payment systems in the country.
	Flipkart Private Ltd (FPL) Flipkart is a leading destination for online shopping in India, offering options of paying through Cash on Delivery, Debit Card, Credit Card and Net Banking.
	Flipkart Payment Services - India Popular method in India of purchasing online and paying when goods reach the home. Cash on delivery (COD) is growing in importance in emerging countries.
	NPCI Aadhaar Enabled Payment System (AEPS) National Payments Corp. of India (NPCI) launch a first-of-its-kind, 24-hour payment system that will allow bank customers to remit money to any account in India for free using their mobile phones. RBI (Reserve Bank of India) has permitted only a pil
	PayZippy - FlipKart PayZippy has been launched by Flipkart to make it safe and easy to pay online. It does this by removing the need for consumers to type in and reveal card details on merchant websites.
	Mobile Wallet A mobile wallet implements an account and stored value or e-money service associated with a mobile subscription.
	Digital Money in India 2014 India, the second-most populous country in the world has ambitious plans for financial inclusion, putting in place infrastructure to spread low cost mobile financial services throughout the country.
	Flipkart Payment Services Popular method in India of purchasing online and paying when goods reach the home. Cash on delivery (COD) is growing in importance in emerging countries.
	Mobile money in India A concise look at mobile financial services in India.

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