PhonePe stops UPI payments on Flipkart app after NPCI rap

As it is in contravention to the UPI guidelines of interoperability

Flipkart-owned digital payments platform PhonePe has suspended UPI transactions on the parent company’s app a day after the National Payments Corporation of India (NPCI) said it was in contravention to the UPI guidelines of interoperability.

Flipkart is currently one of the only merchants to accept UPI transactions through PhonePe, with the company claiming to have at least 25 more partnerships in the pipeline.

The issue arose on January 13 when ICICI Bank blocked all UPI transactions on PhonePe for its customers, citing security concerns and that the service breached guidelines of interoperability. The NPCI, which first came out in support of PhonePe,