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ICICI Bank removes block on UPI transactions from PhonePe

ICICI Bank has ended its very public spat with Flipkart-owned YES Bank application PhonePe and is now allowing customers to make transactions on the wallet app again.  On January 13, ICICI Bank blocked UPI payments from PhonePe. The new wallet said that more than 20,000 transactions with total value of over Rs 5 crore failed because of ICICI Bank’s move. The issue started a few days earlier when Flipkart's app started allowing UPI payments. It was alleged that PhonePe violated the merchant guidelines, and when it launched, it wasn’t easy for users to pay using a VPA other than the YES Bank one (@ybl). On the Flipkart app it showed pay "via PhonePe UPI" instead of "pay via UPI" and allowing customers to choose the app of their choice. What's changed now The Economic Times reports that ICICI Bank resumed transactions on all @ybl handles on Wednesday after the January 31 guidelines for Android Intent Calls were enforced. The guidelines mandated that apps should enable intent calls to other UPI enabled apps on the customer’s mobile phone. PhonePe said that they had not activated the intent calls as it was not being accepted by other apps which would have caused transaction failures. PhonePe's app now shows an option to use other UPI apps to make a payment. However, on trying whether another app could be used to make a UPI payment, it did not give us an option. This may be due to the fact that other UPI apps on my phone have…

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