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RBI 'Advises' NPCI to Consider Paytm Request to Become TPAP for @paytm UPI Channel

The Reserve Bank of India (RBI) says it has advised National Payments Corporation of India (NPCI) to examine the request of One97 Communication Ltd (OCL/Paytm) to become a third-party application provider (TPAP) for unified payment interface (UPI) channel for continued operation of the Paytm app and @paytm channel. ....

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Customers, competitors redraw plans with Paytm

Paytm Payments Bank faces uncertainty as customers and competitors adjust plans. Regulator intervention may be necessary to resolve issues related to banks taking over accounts. Parent company One 97 Communications and its loan sourcing business with non-banking financial companies will also be affected. Shriram Finance and other partners are reconsidering their relationships with Paytm. ....

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