Infibeam Avenues’ subsidiary receives approval to offer UPI payments

Business-to-business (B2B) payments firm Infibeam Avenues’ subsidiary Rediff.com India has received third-party application provider (TPAP) approval from the National Payments Corporation of India (NPCI) to roll out Unified Payments Interface (UPI) payments via the RediffPay brand.

Axis Bank will act as the payment service provider (PSP) bank for RediffPay.