ICICI Bank blocks transactions through Flipkart’s PhonePe as turf war looms

For-ICICI-Story_Shah-Junaid_feIn what is a sign of rising competition between large banks and digital wallets over grabbing the retail payment pie, India’s largest private bank, ICICI Bank, has blocked payments by its customers on Flipkart-owned digital wallet PhonePe, citing “security-related” concerns. In an emailed response to Techcircle, an ICICI Bank spokesperson said that it has raised […]

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