The Flipkart-owned payments app PhonePe’s co-founder & CEO Sameer Nigam has said that the National Payments Corporation of India (NPCI) had no legal jurisdiction to `direct’ his company or Flipkart to do anything.

Bengaluru:The ongoing tussle between India’s largest private sector bank ICICI Bank and payments startup PhonePe isn’t showing signs of abating.

The Flipkart-owned payments app PhonePe’s co-founder & CEO Sameer Nigam has said that the National Payments Corporation of India (NPCI) had no legal jurisdiction to `direct’ his company or Flipkart to do anything.

Nigam’s comments come after NPCI, an umbrella organisation for all retail payment systems in India, said last Friday that PhonePe should comply with its guidelines before ICICI Bank would allow its customers to register on the app.

Over the last one week, ICICI Bank and PhonePe have been engaged in a public wrangle after the bank blocked its accountholders from registering with PhonePe for digital payments through the Unified Payment Interface (UPI) platform. PhonePe had partnered with private sector lender Yes Bank to go live on UPI.

In a blog post on Sunday , Nigam said: “NPCI can direct its member banks. PhonePe is Yes Bank’s client, not NPCI’s client. Flipkart is PhonePe’s client–definitely not NPCI’s.We have no direct agreements with NPCI.“ For now, PhonePe has disabled payments through UPI platform on Flipkart’s Android app temporarily, it said on Saturday.

Nigam also countered ICICI Bank’s arguments on interoperability and data security concerns.