### 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 12:41:51 来源：网络整理编辑：Facebook

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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：### Protect Your Smartphone Against Coronavirus: Best Disinfection PracticesIn light of the ongoing global health crisis, maintaining the cleanliness and safety of your smartphone is more important than ever. Discover how to effectively disinfect your smartphone to shield it from the transmission of COVID-19 and other viruses.#### Step-by-Step Guide to Disinfecting Your Smartphone**1. Prepare and Gather Your Materials:**Before you begin, gather the following supplies:- A soft cloth or microfiber cleaning wipe- A disinfectant spray, alcohol wipes, or alcohol-based hand sanitizer (at least 70% alcohol)- Non-abrasive gloves (optional for extra protection)**2. Power Down Your Device:**Turn off your smartphone to prevent any damage that might occur while cleaning.**3. Clean the Surface:**Using the soft cloth or microfiber cleaning wipe, gently clean the exterior surface of your device. If you have one, wear non-abrasive gloves for extra protection against germs.**4. Disinfect the Screen:**Most cleaners and disinfectants can damage smartphone screens, so it’s important to use the right product. Here are the options:- **Disinfectant Spray:** Hold the spray bottle at least 12 inches away from the screen and spray it onto the soft cloth before wiping the surface.- **Alcohol Wipes:** Wipe down the screen with an alcohol wipe, being sure to cover the entire area, including the sides and edges.**5. Clean the Ports and Buttons:**Use a cotton swab dipped in your chosen disinfectant or a small amount of alcohol to clean around the charging port, speaker grills, and physical buttons. Be gentle and avoid pressing anything before it’s dry.**6. Dry and Reassemble:**Once you've finished cleaning, let your smartphone air dry completely before turning it back on. This may take a few minutes or longer, depending on the cleaning agents used.**7. Practice Regular Sanitation:**To keep your smartphone safe from harmful pathogens, establish a regular routine of cleaning and sanitizing your device. Follow these steps at least once a week or as needed, especially after heavy use or if you’ve been in a crowded public space.#### Safety Tips- Always read the product labels of any cleaning or disinfecting solutions you use to ensure they are safe for your specific device’s surface.- If you use an alcohol wipe or spray, look for products that are labeled as suitable for electronics.- Never spray a liquid directly onto the device; instead, spray it onto the cloth or wipe first.- Be cautious with your cleaning routine to avoid damaging your device's warranty.Protect your phone and stay safe by following these simple steps and maintaining a diligent cleaning routine. Your smartphone will thank you for its longevity, and you'll have peace of mind knowing it’s a safe device in these challenging times.

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ICICI's U-Turn on PhonePe Transactions

Powerhouse of Perks with PhonePe

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