NPCI Grants Paytm TPAP License for UPI

National Payments Corporation of India (NPCI) granted a license to Paytm to offer UPI transactions as a Third-Party Application Provider under the multi-bank model. Axis Bank, HDFC Bank, SBI, and Yes Bank will be providing services to Paytm. Yes Bank will also serve as a merchant acquiring bank. Paytm users and merchants can continue UPI transactions without interruption.

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