The company will also need to adhere to the requirements outlined in the tri-partite agreement with NPCI and PSP Banks.

One 97 Communications Limited, which owns the Paytm brand, on Tuesday said that it has receivesd approval from The National Payments Corporation of India (NPCI) to onboard New UPI users. "Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,

Paytm received NPCI approval for adding new UPI users which paves the way for re-accelerating its dwindling user base and further signaling an easing of regulatory stance, analysts said.

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,

Paytm shares have shown mixed performance. Over the past month, the stock gained 3.37%, while rising a significant 81.74% in the last six months. Year-to-date, it has increased by 8.03%, but in the broader view,

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

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,

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.

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.

India's Paytm said late on Tuesday it received approval from the country's payments authority to onboard new unified payment interface (UPI) users, providing some relief for the financial services firm after a central bank-ordered ban on its banking unit.