Paytm app: RBI asks NPCI to look into One97 Communication's plea tp become TPAP for UPI usage
Paytm is presently not classified as a TPAP due to UPI transactions being routed through Paytm Payments Bank.
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Paytm is presently not classified as a TPAP due to UPI transactions being routed through Paytm Payments Bank.
The Reserve Bank of India has approved the migration of Paytm's UPI-based payments business from Paytm Payments Bank to other banks, including Axis Bank, to ensure compliance and business continuity. The move brings Paytm on par with other fintechs offering payment services through UPI.
On February 23, RBI said that customers and merchants having ‘@paytm’ handles are to be migrated seamlessly from PPBL to a set of newly identified banks to avoid any disruption
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