### ICICI Bank Restricts PhonePe TransactionsUpdate: ICICI Bank Imposes Blocking on PhonePe TransactionsIn a recent development, ICICI Bank has initiated a block on transactional activities processed through PhonePe. This move is sure to have a significant impact on users of the digital wallet service.### Key Points:- Immediate Restriction: ICICI Bank has introduced a temporary limitation impacting all transactions originating from PhonePe.- User Implications: Customers attempting to complete transactions via PhonePe may encounter difficulties.- Next Steps: This action could lead to further investigations or regulatory measures within the financial sector.Stay tuned for more updates as this situation continues to evolve.

时间：2024-09-23 23:04:51 来源：网络整理编辑：Telegram Download Tutorial

核心提示

ThetechgiantFlipkartsnaggedtheinnovativepaymentstart-up,PhonePe,in2016'sspring.AUPI-drivengem,PhoneP

The tech giant Flipkart snagged the innovative payment start-up, PhonePe, in 2016's spring. A UPI-driven gem, PhonePe, runs under the wing of YES Bank, granting users the power to seamlessly link and manage their banking affairs. Bank-to-bank exchanges become nearly instantaneous with the touch of a button, courtesy of a simple phone number or an exclusive identifier—your Virtual Payment Address (VPA).

But, there's more! PhonePe isn't just a transaction wonder. It's like carrying a digital wallet of your own with effortless wallet-to-wallet swaps, quicker refunds, and cashback opportunities from valued merchant partners. With a simple link, you can transfer your wallet's surplus directly into your checking accounts.

ICICI's U-Turn on PhonePe Transactions

Since last Friday, ICICI Bank has taken a stand, halting transactions via Flipkart's Payment App PhonePe, highlighting safety concerns. PhonePe CEO, Sameer Nigam, aired his disapproval on Twitter in response.

Yet, ICICI Bank made their stance clear:

“This entity (PhonePe) adheres to practices that bolster its exclusive use, which contradicts UPI's principles of interoperability and customer choice to pick any payment app under UPI. Until these issues are resolved, we have temporarily suspended processing UPI transactions from this源自该实体。”

With anticipation, the National Payment Corporation of India (NPCI), the governing body of the United Payment Interface, aims to scratch this itch in the near future.

Powerhouse of Perks with PhonePe

Conduct person-to-person fund transfers and requests.
Manage your mobile / data, DTH, and landline expenses, and utility bills all in one go.
Unleash the potential to shop across a spectrum of e-commerce platforms including Flipkart, Myntra, Jabong, and many more.
Please note: Wallets are filled up to Rs. 20,000 monthly with a capped transaction limit of Rs. 20,000.
For UPI (bank account): Your per transaction limit is Rs. 1 Lakh.
Welcome, cards: Credit and debit transactions observe the limitations imposed by your issuing bank.
Safely Secure Your Earnings: Each transaction for transferring your wallet balance to your bank account can see up to Rs. 5000 leaving your digital pocketbook.
PhonePe offers a variety of payment avenues, each with distinctive limits tailored to their unique offerings.

上一篇：**Galaxy S5 Fingerprint Scanner Compromised; Raises Concerns for PayPal Users’ Security**### The Fingerprint Vulnerability ExposedThe Samsung Galaxy S5's fingerprint scanner, a feature once hailed for providing secure access to the device, has been successfully hacked. This revelation highlights a potential security threat that could impact PayPal users and underscores the need for timely cybersecurity measures.### Breach DetailsCybersecurity experts have demonstrated that the fingerprint scanner on the Galaxy S5, while designed to offer enhanced security, can be bypassed using a static print — a straightforward process in which a duplicate of the fingerprint is复印件 adhered to a flat surface.### Implications for PayPal UsersAs one of the leading payment platforms, PayPal depends on robust security features to protect its users. The compromised Galaxy S5 scanner raises concerns about the potential exploitation of this vulnerability by cybercriminals targeting PayPal users. The following points underscore the risks:- **User Credentials at Risk**: Hacked devices with PayPal installed could expose user credentials, compromising sensitive financial information.- **Unauthorized Transactions**: There is a possibility that unauthorized parties could gain access to a user's PayPal account and initiate transactions.- **Identity Theft Concerns**: Compromised fingerprint data may lead to broader identity theft issues.### Samsung's ResponseIn response to the findings, Samsung has issued a statement acknowledging the vulnerability and has indicated that a fix for this issue is in the works. Users are urged to stay vigilant and monitor their accounts for any suspicious activity.### What Users Can DoTo mitigate these risks, PayPal users are advised to take the following precautions:- **Software Updates**: Keep your device's software up-to-date to ensure security patches are applied.- **Monitor Your Accounts**: Regularly check your PayPal account for any unrecognized transactions or changes in account details.- **Use Secure PINs and Passwords**: Enable additional layers of security, such as strong PINs and passwords, for your PayPal profile.- **Report Suspicious Activity**: If you suspect any fraudulent activity, report it to PayPal immediately.The successful hack of the Galaxy S5's fingerprint scanner serves as an important reminder of the evolving nature of cybersecurity threats and the critical importance of employing proactive measures to safeguard personal data.

下一篇：Headline: **TRAI Outraged by Apple's Rejection of Its DND App**Subhed: **Regulatory Authority Reacts Sharply to Tech Giant's Ruling**---Apple's move to bounce the Telecom Regulatory Authority of India's (TRAI) Do Not Disturb (DND) mobile application from its app store has triggered a strong reaction from the Indian telecommunications regulator.In a surprising turn of events, the TRAI expressed its disappointment and_type_of_concern_over the software giant's decision to block the app, emphasizing the importance of curbing unsolicited commercial communication and providing users with control over their telecommunication experiences.Apple's rejection of our DND app is unprecedented, stated TRAI's Head of Technology and Innovation. It thwarts the regulatory aim of empowering consumers to opt out of unwanted calls and messages, and we are left with no choice but to scrutinize Apple's actions more closely.The app, aimed to streamline the process of opting out of telemarketing calls and SMS, has seen significant support from consumers who are increasingly being bombarded with interrupts to their daily activities. The TRAI had counted on the partnership with Apple to further expand the reach and convenience of the service.Industry analysts have suggested that the rejection could be due to a range of factors, from technical issues like subscription management to disputes over compliance guidelines. Regardless of the rationale, the situation highlights a growing tension between tech firms and regulatory bodies worldwide as they navigate the complexities of competing interests and public policy.As the TRAI assesses the implications of Apple's decision, they have vowed to continue their pursuit to protect consumers from the adverse effects of overbearing marketing tactics. Meanwhile, users are left to grapple with an apparent compromise on their right to chose what communication comes through to their devices.

ICICI's U-Turn on PhonePe Transactions

Powerhouse of Perks with PhonePe

推荐

热门