NPCI says Flipkart's PhonePe does not follow UPI rules

KOLKATA: Reversing its earlier stance, the National Payments Corportaion of India has now backed ICICI Bank's decision to block Flipkart's PhonePe App and ordered Flipkart and PhonePe to comply with the UPI ( Unified Payments Interface) guidelines.

NPCI noted that PhonePe and Flipkart Apps are in contravention of the UPI guidelines of interoperability. Hence, NPCI has directed PhonePe and Flipkart to comply with the UPI guidelines and allow payments from UPI handles of all banks on their Apps.

It has also requested ICICI Bank to allow UPI transactions from PhonePe App as soon as PhonePe and Flipkart start complying with the UPI guidelines.

Earlier on Thursday, NPCI, asked ICICI Bank to unblock transactions made on Flipkart’s PhonePe app.