Analysis of News relating to the Digital Money Ecosystem

NPCI has no legal jurisdiction to direct us or Flipkart, says PhonePe - Times of India

23/01/2017 Link to source

NPCI has no legal jurisdiction to direct us or Flipkart, says PhonePe Nigam's comments come after NPCI, an umbrella organisation for all retail payment systems in India, said last Friday that PhonePe should comply with its guidelines before ICICI Bank would allow its customers to register on the app. Over the last one ... NPCI advises ICICI Bank to open UPI transactions through PhonePe App Firstpost 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.
	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.
	Legal This topic discusses legal issues relating to digital money.
	Payment Systems Payment systems refers to operational networks, governed by laws, rules and standards, that link bank accounts and provides the functionality for monetary exchange.
	Retail The Retail topic discusses issues and rules relating to the Retail Players involved in the digital money ecosystem.
	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.
	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.
	Mobile money in India A concise look at mobile financial services in India.

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