RBI moves to ensure continuity of UPI transactions on Paytm

New Delhi, 23/2: The Reserve Bank of India (RBI) said on Friday it has asked the National Payments Corporation of India (NPCI) to examine a request from Paytm, formally known as One 97 Communications, to become a third party application.

If approved, this would allow Paytm to continue processing payments via India’s popular unified payments interface (UPI), but will need a set of newly identified banks to back the app

 

 

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