Settlement Infrastructure News Today

The Reserve Bank of India (RBI) has issued a directive to the National Payments Corporation of India (NPCI) regarding the request from One97 Communication Ltd (OCL) to become a Third-Party Application Provider (TPAP) for the UPI channel, specifically for the continued operation of the Paytm app. In a statement released on Friday, the RBI informed […] - Newsx

The RBI has instructed the NPCI to review the application submitted by One97 Communication Ltd. - RBI Clears Air On Paytm UPI Handles; Says Users Can Continue Using After Migration To Other Banks

● First true collaboration between fintech and a major bank to provide cross-border payments. ● DeeMoney will be the first to revolutionize cross-border payments from Thailand to India ● The DeeMoney App makes it easy for customers to transfer funds by simply adding the beneficiary’s UPI ID. ● The service will go live at the end of Q1 2022.