Microsoft’s India cloud plans get booster shot as Flipkart signs up

Binny-Bansal,GroupCEOand-Co-FoundSatyaNadellaCEOMicrosoft_tc_feGlobal technology leader Microsoft and India’s top e-commerce firm Flipkart have announced a broad collaboration under which, as a first step, the latter will use Microsoft Azure as its exclusive public cloud platform. Microsoft CEO Satya Nadella and Flipkart group CEO Binny Bansal together announced the partnership at an event in Bangalore on Monday. The […]

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ICICI Bank allows UPI transactions through Flipkart’s PhonePe

In U-turn, NPCI tells PhonePe to adhere to UPI normsAfter weeks of confusion and a near-verbal spat between Flipkart’s e-wallet PhonePe and ICICI Bank, the private sector lender has finally allowed UPI-based transactions on the payments app. “The merchant has now adhered to the NPCI guidelines on interoperability by making the necessary corrections in its app,” an ICICI Bank spokesperson said in a statement […]

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Flipkart’s PhonePe lashes out at ICICI, accuses bank of ‘flexing muscle’

FlipkartThe tussle between Flipkart’s digital wallet PhonePe and ICICI Bank over the UPI payments issue has taken the form of a public spat, with the startup’s founder and CEO Sameer Nigam accusing the country’s biggest private-sector lender of “flexing its muscle to overcome what they believe is competition.” On Saturday, PhonePe had halted payments through […]

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Flipkart halts UPI payments after NPCI reverses stand in ICICI-PhonePe tussle

For-GolfLan-Story-VC_ThinkstockPhotos-590062312Flipkart-owned PhonePe has halted payments through the unified payment interface (UPI) option on the e-commerce company’s app as National Payments Corporation of India (NPCI) and ICICI Bank turn up the heat on the digital wallet to adhere to interoperability norms, a financial daily reported on Saturday. “PhonePe has disabled UPI-based payment support for its merchant […]

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In U-turn, NPCI tells PhonePe to adhere to UPI norms

In U-turn, NPCI tells PhonePe to adhere to UPI normsMaking a U-turn in the tussle between private-sector lender ICICI Bank and Flipkart’s digital wallet PhonePe, National Payments Corporation of India (NPCI) on Friday said PhonePe doesn’t adhere to interoperability norms of the Unified Payments Interface (UPI). NPCI, the umbrella organisation for all retail payments systems in India, added that PhonePe needs to first adhere […]

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ICICI Bank rejects NPCI call to unblock PhonePe

For-ICICI-Reject-Story_Shah-JunaidThe tussle between ICICI Bank and online retailer Flipkart’s digital wallet, PhonePe, isn’t likely to end soon with the private-sector lender again refusing to allow transactions through the payment app. The latest refusal comes after National Payments Corporation of India (NPCI), an umbrella organisation for all retail payments system in India, on Thursday evening asked […]

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Start shopping, paying bills from mobile as Unified Payments Interface goes live

online_shopping_feNational Payments Corporation of India (NPCI) today said the Unified Payments Interface (UPI) is live and currently available for customers of 21 banks. UPI is a payment solution which empowers a recipient to initiate the payment request from a smartphone. It facilitates ‘virtual payment address’ as a payment identifier for sending and collecting money and […]

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