UPI Intermediaries Responsible For Fund Transfer Issue- Court Orders PhonePe to Pay Compensation and Refund Amount

In a recent ruling, the 111 Additional Bangalore Urban District Consumer Disputes Redressal Commission handed down a judgment in favor of two complainants in a case against PhonePe Private Limited (OPPOSITE PARTY No. 1), a leading online payment platform, and two banks, Canara Bank (OPPOSITE PARTY No. 2) and Karnataka Bank (OPPOSITE PARTY No. 3).

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