India's NPCI to approve Paytm's third-party license by March 15, allowing continued UPI payments.

India's National Payments Corp (NPCI) is expected to approve a third-party application provider license for Paytm by March 15, according to three sources familiar with the matter. This license will enable Paytm customers to continue using the app for payments via India's popular unified payment interface even after Paytm Payments Bank winds down operations. The RBI is unlikely to extend the March 15 deadline for the banking unit to wind down.

March 12, 2024
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