Paytm participate in UPI as a Third-Party Application Provider (TPAP) under multi-bank model

[Abhishek012]

Paytm participate in UPI as a Third-Party Application Provider (TPAP) under multi-bank model:

NPCI grants approval to One97 Communications Limited (OCL) to participate in UPI as a Third-Party Application Provider (TPAP) under multi-bank model.

Four banks (Axis Bank, HDFC Bank, State Bank of India, YES Bank) shall act as PSP (Payment System Provider) banks to OCL. YES Bank shall also be acting as merchant acquiring bank for existing and new UPI merchants for OCL. “@Paytm” handle shall be redirected to YES Bank. This will enable existing users and merchants to continue to do UPI transactions and AutoPay mandates in a seamless and uninterrupted manner.

OCL has been advised to complete migration for all existing handles and mandates, wherever required, to new PSP banks at the earliest.

 

[chandra.prakash]

Let's see how it work after migrating to new bank handle like transaction flow Speed, transaction timing and the main part is it's customer support Because Paytm customer service is very bad.

 

[doraemon]

So that means ppbl will be no more from tomorrow?

 

[OverdosingOnCopium]

What does this mean for the end user?

 

[techt]

Manakenti guruvu gaaru ?

What's there in it for us ?

 

[VISHESH_BANSAL]

Yes Bank, Axis Bank go live on Paytm's UPI platform

The RBI's deadline for Paytm Payments Bank Limited to stop all banking operations runs out today. PPBL was acting as the backend bank powering Paytm's UPI payments until now

www.moneycontrol.com

. .

 

[Shubham Yadav]

Yes Bank, Axis Bank go live on Paytm's UPI platform

The RBI's deadline for Paytm Payments Bank Limited to stop all banking operations runs out today. PPBL was acting as the backend bank powering Paytm's UPI payments until now

www.moneycontrol.com

. .

@paytm handle gaya