Paytm secures NPCI approval to onboard new UPI users

One97 Communications Limited, the parent company of Paytm, informed stock changes on Tuesday that it has received approval from the National Payments Corporation of India (NPCI) to onboard new users for its Unified Payments Interface (UPI) application.

This development comes after a suspension of new user onboarding imposed by the Reserve Bank of India (RBI) in early 2024.