Paytm 
Money

NPCI asked to help Paytm continue operations

RBI Urges NPCI to Support Paytm's UPI Operations

Mumbai | Reserve Bank of India on Friday said NPCI has been asked to examine the possibility of it becoming a third party application provider for continued UPI operations of the Paytm app.

The central bank has barred Paytm Payments Bank from accepting further credits into its customer accounts and wallets after March 15, 2024.

With an aim to ensure seamless digital payments by UPI customers using '@paytm' handle operated by the Paytm Payments Bank, RBI said it has asked the National Payments Corporation of India (NPCI) to examine the request to become a Third-Party Application Provider (TPAP) for UPI channel for continued UPI operation of the Paytm app.

The request has been made by One97 Communication Ltd (OCL), which owns the Paytm brand, RBI said in a statement.

For seamless migration of '@paytm' handle to other banks, the Reserve Bank of India (RBI) said NPCI may facilitate certification of 4-5 banks as Payment Service Provider (PSP) Banks with demonstrated capabilities to process high volume UPI transactions.

From Bhuj, Rajnath warns Pakistan against any misadventure in Sir Creek; says response will be decisive

After a gap of 5 years, India, China to resume direct flight services this month

103 Naxalites, 49 of them with combined bounty of Rs 1 crore, surrender in Bijapur

Good people shying away from politics: Ex-president Kovind

Singer Zubeen Garg died in Singapore while swimming, not during scuba diving: report