ICICI Bank is now the second official UPI partner of PhonePe after Yes Bank

Flipkart-owned PhonePe has announced ICICI bank as their new partner bank for creating and using UPI IDs for online payments.

Customers can now use the ICICI bank’s @ibl handle to create and use UPI IDs in the Phone Pe app. The ICICI bank’s handle will be available in addition to the Yes Bank’s @ybl handle.

PhonePe has over 200 million registered users and giving the option to use multiple UPI IDs will ensure they can still make transactions even if any one bank’s handle is temporarily out of service as it happened in March when Yes Bank’s handle was suspended.

The option to access ICICI bank’s handle will be rolled out to PhonePe users through a new version of the app. The update will be available on both Google Play Store and Apple App Store in the coming weeks.