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Can you use Paytm UPI handle after March 15: Customers and merchants who have UPI addresses or handles other than '@paytm' have no obligation to change them and can continue to use them.
Starting March 15, 2024, Paytm Payments Bank will not be allowed to accept any further credits into its customer accounts and wallets, as per the directive from the RBI.
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
New Delhi: The Reserve Bank of India today said that the National Payments Corporation of India (NPCI) has been asked to explore the possibility of becoming a third party application provider for continued UPI operations of the Paytm app. The NPCI may facilitate certification of four or five banks as the payment service provider that
The RBI has clarified that the migration of UPI handles is applicable only to such customers and merchants who have a UPI handle ‘@Paytm’. For others who have a UPI address or handle other than ‘@Paytm’, no action is required to be taken by them.