Paytm receives NPCI approval to migrate users to new PSP banks for uninterrupted UPI payments.
India's leading digital payments platform, Paytm, has received approval from the National Payments Corporation of India (NPCI) to migrate its users to new Payment System Provider (PSP) banks, including Axis Bank, HDFC Bank, SBI, and Yes Bank, following the RBI's restrictions on Paytm Payments Bank. The migration is aimed at ensuring uninterrupted and secure UPI payments for both customers and merchants through the Paytm app, leveraging the robust infrastructure of its banking partners.
April 17, 2024
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