The Reserve Bank of India has allowed Paytm to transfer its IPO-based payments business from Paytm Payments Bank to 4-5 other banks. It has also directed the National Payments Corporation of India or NPCI, the operator of the UPI platform, to examine the fintech's request to become a third-party application provider (TPAP) for the UPI channel. Getting NCPI’s approval will allow the app to continue offering UPI-based payment services. Read The Rest at :
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