### 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：2024-09-21 11:46:21 来源：网络整理编辑：Telegram

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：**Nothing Phone (1) Review: Intriguing Aesthetics, Lacking Camera Performance****Eyes on the Prize: The Nothing Phone (1) Wows with is Unique Design, but its Camera Capabilities Falter**From its audacious design twists to its underwhelming camera offerings, the Nothing Phone (1) presents a mixed bag of promises and pitfalls. In this comprehensive review, we delve into what sets this device apart — and where it falls short. **Design Charmer: A Spectacle of Curiosity**The Nothing Phone (1) comes wrapped in an avant-garde diminish, featuring a set of clear corners that beg to be noticed. This bold move resonates with those for whom novelty and visual distinction are paramount. Unfortunately, this excitement quickly dissipates when focusing on the substance behind the style.**Where the Design Meets its Match**While its futuristic appearance is sure to incite double-takes, the industrial design doesn't extend to the screen, which ranges from average to below-average in terms of quality and brightness. The bezels too, while cute in concept, often accompany screen reflections, making outdoor visibility a challenge.**FwdCam? Maybe. BardCam? Definitely Not.**In the quest for innovation, the camera department takes a step backward. The Nothing Phone (1) boasts its proprietary FwdCam technology, but this forward-facing camera design falls victim to smartphone camera standardizations. The hardware, while sleek and convenient, is let down by images that lack sharpness and fail to capture colors vibrantly.**Performance Position: It's Compromised**The combination of middling camera Performance and an unimpressive display indicates a compromise on some crucial hardware choices. It seems that while Nothing's design concept was pursuing punk cool, some fundamental aspects of a smartphone's core functionalities were left behind.**Final Frontier: Would You Listen?**For the purist and the design aficionado, the Nothing Phone (1) teases with a vision of a new paradigm in smartphoneesign. Its distinctive contours and forward-thinking approach to aesthetics appeal to the unconventional mind. But when it comes to delivering on the尝 promised capabilities, the disappointment is palpable.**Bottom Line: A Stylish Dilemma**The Nothing Phone (1) will undoubtedly attract those who revel in the unusual. However, for daily users seeking a comprehensive smartphone experience, you may want to look elsewhere. Its quirky succulence is overshadowed by a stumbling inter performed camera performance, leaving eager consumers front and center of a quandary: is the form presumptuous enough to compensate for the distribution in Performance?

下一篇：Ever want to step into a winter wonderland without leaving your home? Dive into the Vivo Winter Carnival on Amazon! This fantastic sale promises up to Rs. 3,000 in discounts and a delightful addition of movie vouchers to keep your spirit bright. Get prepared for some serious shopping joy! 🎄✨

ICICI's U-Turn on PhonePe Transactions

Powerhouse of Perks with PhonePe

推荐

热门