Analysis of News relating to the Digital Money Ecosystem

Flipkart's PhonePe lashes out at ICICI, accuses bank of 'flexing muscle' - VCCircle

23/01/2017 Link to source

Flipkart's PhonePe lashes out at ICICI, accuses bank of 'flexing muscle' Flipkart 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 ... PhonePe stops UPI payments on Flipkart app after NPCI rap Business Standard all 74 news articles »

Context

	ICICI Bank India's largest private sector bank and the second largest bank 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.
	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.
	Digital Wallets The Digital Wallet domain has been described by Shift Thought™ as a means of understanding the whole range of stored value products including the provision of e-money, mobile wallets and e-wallets.
	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.
	United Payments Interface (UPI) The Unified Payment Interface (UPI) is an improved version of IMPS that allows payments to be initiated by the payer or payee using a mobile phone.
	Digital Wallet The Digital Wallet topic discusses the use of an account and stored value or e-money across multiple channels and services. This includes prepaid cards, vouchers and mobile wallets.
	Payments The Payments Topic includes knowledge related to a variety of services such as mobile payments, online payments, bill payments and more.
	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.
	United Payments Interface (UPI) The Unified Payment Interface (UPI) is an improved version of IMPS that allows payments to be initiated by the payer or payee using a mobile phone.

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