Explore the latest news, in-depth reports, and executive analysis tagged with #Icici Bank.
The story behind ICICI Bank's interchange recovery effort starts with merchant category codes and the economics they shape.
![The untold story behind Pine Labs' multi-year OMC contracts [Exclusive]](/upload/theheadandtale.com/2026/03/1772442637_95355ba037_pinelabs_lead.jpg)
The IOCL, BPCL and HPCL deals reflect a quiet realignment in PSU fuel payment mandates.
![The corporate credit card that wasn't really a credit card – now under the RBI lens [Exclusive]](/upload/theheadandtale.com/2026/02/1771833208_9473128f76_corporate_credit.jpg)
Two years after the RBI halted commercial card-based vendor payments, the regulator has now turned its attention to another 'corporate credit card' structure.
This is a market-share view of UPI payment flows handled by payments aggregators through 'UPI Collect' method.
Fiserv has been reaching out to payments companies and banks since past few weeks, industry insiders informed.
The change will will apply only to new savings bank accounts opened after August 1, 2025.
Interestingly, not just payment aggregators, the has decided to charge some large merchants – who use the bank’s UPI directly.
Once celebrated for disrupting SME banking with its neobank model, Open’s journey since hitting the $1 billion mark in 2022 has been anything but smooth.
In August, The Head and Tale was the first to report that ICICI Bank has terminated its exclusive merchant acquiring agreement with ICICI Merchant Services (IMSPL).
In what you can call “the empire strikes back”, a senior banker sees this development signalling a new market trend of traditional financial institutions...
