RBI makes rules to maintain UPI transactions on Paytm

The Reserve Bank of India (RBI) scrutinizes Paytm’s request to become a third-party application provider on National Payments Corporation of India (NPCI). This move aims to ensure uninterrupted transactions via the Unified Payments Interface (UPI) but requires support from newly identified banks. Last month, RBI instructed Paytm Payments Bank to cease operations by March 15. Paytm has partnered with Axis Bank.

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