The National Payments Corporation of India (NPCI) has granted approval to Paytm to onboard new UPI users, subject to the adherence to all procedural guidelines and circulars, according to the company.

Paytm has received approval from the National Payments Corporation of India (NPCI) to onboard new UPI users. This comes as a relief after earlier RBI restrictions on Paytm Payments Bank. The approval requires adherence to procedural guidelines and laws,

The approval is contingent upon One97 Communications complying with various NPCI guidelines, including risk management protocols, brand guidelines, and regulations for Third-Party Application Providers (TPAP).

In a significant development, Paytm has secured approval from the National Payments Corporation of India (NPCI) to onboard new UPI users. This comes after compliance with regulatory procedures. The approval,

Paytm has said that it has received approval from the the National Payments Corporation of India (NPCI) to onboard new UPI users.

One97 Communications (OCL), the company that operates brand Paytm, on Tuesday said it has received a nod from the National Payments Corporation of India (NPCI) to on-board new UPI users, nearly nine months after the Reserve Bank of India (RBI) placed an embargo on addition of new customers.

The approval is subject to adherence to all NPCI procedural guidelines and circulars issued from time to time.

"...we would like to inform you that vide letter dated October 22, 2024, the National Payments Corporation of India (NPCI) has granted approval to the company to onboard new UPI u

Paytm's new UPI registrations were halted in January and February 2024 following directives from the Reserve Bank of India (RBI) barring the fintech from onboarding new UPI users.