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RBI amends directions on Prepaid Payment Instruments

The purpose of this is to offer commuters convenience, speed, affordability, and safety of digital modes of payment for transit services. ....

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upi: RBI is pushing UPI-like credit platform for farmers, MSMEs

While disbursal of consumer loans through a digital interface has become common, farmers and people who run small businesses still need to queue up at their local bank branches and the land records department for days to access agriculture loans and take Kisan credit cards. ....

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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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RBI Paytm news: RBI takes more actions on Paytm Payments Bank; Check details if you have @Paytm UPI handle

The Reserve Bank of India (RBI) has taken steps to ensure seamless digital payments for UPI customers using the @paytm handle, as Paytm Payments Bank won t accept further credits after March 15, 2024. The RBI advises NPCI to examine Paytm s request to become a Third-Party Application Provider for UPI. @paytm handles must migrate seamlessly to newly identified banks to avoid disruption. ....

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paytm upi: RBI allows Paytm to migrate UPI payment business to other banks

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. ....

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