Paytm gets NPCI nod to onboard new UPI users months after RBI restrictions

Quick Summary:

This was subject to the condition that no new users would be added by Paytm until all existing users were successfully migrated to a new handle.

Its market share on UPI has slipped from 13 per cent in January to about 7 per cent in September on the back of an embargo to add new users.

A PSP bank, either through its own application or a TPAP, onboards and registers customers on UPI, linking customers’ bank accounts to their respective UPI identifications.

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Article Details

Category: BusinessFinance

Markets: India

Topics: UPI transactions Paytm NPCI One97 Communications

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-22 @ 23:39:57 (1 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 416 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23205411

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Official Website: business-standard.com

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Year Established: 1975

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Coverage Areas: India

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