In no particular order, here are MediaNama’s top 10 stories of the week ended 22nd January 2017 MediaNama would like to thank its sponsors: Indian Express, Bruce Clay and E2E for their support. Updated: ICICI’s blocking of PhonePe VPA’s raises questions about governance of NPCI & UPI Why should you build for UPI if individual banks can stop their users from accessing your application, by shutting off the apps bank account? It has been almost four days since ICICI Bank blocked its customers from using PhonePe, the Unified Payments Interface service from Yes Bank, which is managed by Flipkart owned PhonePe. Read it here SC issues notice to Govt, TRAI and Facebook in privacy case: report The Supreme Court has issued a notice to the Government, Telecom Regulatory Authority of India (TRAI) and Facebook over a plea seeking privacy on data, reports the Huffington Post. The court has asked for a reply from the government, Facebook and WhatsApp in two weeks. Read it here ICICI Bank Block: PhonePe says 20,000 txns of over Rs 5 cr value failed PhonePe, a Flipkart-owned YES Bank application, which allows money transfer and payments using the Unified Payments Interface (UPI), has said that the company saw around 20,000 transactions with total value of over Rs 5 crore failing because ICICI Bank blocked its customers from using the PhonePe. It hasn’t disclosed as to how many PhonePe users have been impacted, and how many are on ICICI Bank, but suffice to say, prior to demonetization,…
