Paytm gets NPCI nod to onboard new UPI users months after RBI restrictions

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.

In a letter to the Noida-based company’s founder and chief executive officer (CEO) Vijay Shekhar Sharma, NPCI chief Dilip Asbe approved and permitted the firm to begin new user onboarding.