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ICICI Bank blocks transactions on payments app PhonePe

Published Tue, Jan 17, 2017 · 09:50 PM
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Mumbai

ICICI Bank Ltd blocked transactions on payments app PhonePe, a move that the digital wallet's chief executive officer said will hinder India's adoption of a national payment interface.

Blocking ICICI customers from making any transactions on the digital wallet came with "no intimation" and "no provocation", PhonePe CEO Sameer Nigam said in a tweet on Saturday.

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