New Delhi- Fintech agency One97 Communications, proprietor of the Paytm model, has received 5 handles in partnership with 4 banks to proceed UPI transactions, as per an replace on the NPCI web site.
The corporate’s present deal with @paytm is among the many 5 handles that customers can proceed utilizing with out the necessity to make any modifications at their finish.
Nationwide Funds Company of India (NPCI) has permitted @paytm and a closed consumer group UPI deal with @ptyes for Paytm in partnership with Sure Financial institution.
NPCI has additionally permitted @pthdfc with HDFC financial institution and @ptsbi with State Financial institution of India as a associate. Nonetheless, these two handles are usually not energetic instantly.
Paytm spokesperson mentioned customers can proceed to make use of @paytm deal with seamlessly with out the necessity to make any modifications at their finish.
On March 14, NPCI permitted a 3rd celebration utility (TPAP) supplier allow for Paytm in collaboration with SBI, Axis Financial institution, Sure Financial institution and HDFC financial institution for continuity of UPI transactions for the corporate’s customers.
Paytm’s UPI transactions have been earlier being carried out by way of Paytm Funds Financial institution (PPBL) that has been barred by the Reserve Financial institution of India from accepting deposits, credit score transactions, or top-ups in any buyer accounts after March 15.
One97 Communications Restricted (OCL) holds a 49 per cent stake in PPBL, whereas firm’s Founder and CEO Vijay Shekhar Sharma holds 51 per cent stake within the beleaguered financial institution.
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