Paytm resumes UPI services after 8 months ban: What this means for digital payments landscape
Paytm receives NPCI approval to add new UPI users after an eight-month suspension due to compliance issues. (REUTERS) Paytm has been granted approval by the National Payments Corporation of India (NPCI) to resume adding new users to its Unified Payments Interface (UPI) platform.
Paytm receives approval from RBI to onboard new UPI users
Earlier this year, the Reserve Bank of India (RBI) directed Paytm to halt several of its financial services due to repeated regulatory violations. Following the ban, Paytm requested approval from the National Payments Corporation of India (NPCI) in August.
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