Explanation:

• Flipkart-owned PhonePe has partnered with ICICI Bank on UPI multi-bank model giving its users the option to create and use multiple UPI IDs with ICICI and Yes Bank”s handles.
• The ‘@ibl’ handle for ICICI Bank users and ‘@ybl’ handle for YES Bank users will enable easy, quick and contactless payment services to over 200 million registered PhonePe users.