Over 1 million users migrate to ICICI Bank’s UPI handles1 min read . Updated: 13 Mar 2020, 12:31 AM IST
- Reports say Yes Bank accounted for 39% of all UPI payments made in the country, the highest among any bank
- NPCI had blocked the UPI handles of Yes Bank after it was placed under moratorium
NEW DELHI : Payments platform Cashfree Payments India Pvt. Ltd said it has migrated over one million users from Yes Bank Ltd’s UPI (Unified Payments Interface) handles to those of ICICI Bank Ltd. The company said its product, Autocollect, which allows automatic generation of multiple UPI handles with QR codes, had been affected by Yes Bank’s recent collapse.
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