Another decision involving Paytm has been made by RBI. This choice will help the client as well as the business. In actuality, NPCI (National Payments Corporation of India) has been invited by the Reserve Bank of India to become a third-party application provider for Paytms UPI.RBI and Paytm...The Reserve Bank of India prohibited Paytm Payments Bank on January 31. since the RBI had discovered a lot of anomalies. After March 15, UPI users whose bank account is with Paytm Payments Bank wont be able to conduct UPI transactions.as you wont be able to use a card or debit after March 15. RBI has urged users to attach another account to their UPI ID in order to remedy this.Will there be any changes in UPI services There wont be any changes to your UPI service if you link any other bank account to it than Paytm Payment Bank. The Reserve Bank of India has requested that NPCI join TPAP at One97 Communication Ltd.s (OCL) request in order to maintain UPI for Paytm Payments Bank subscribers.RBI directs ahed!RBI has directed that, in order to prevent any irregularities, the @paytm handle should be seamlessly transferred from Paytm Payments Bank to a group of new banks if NPCI approves OCLs TPAP (Third Party Application Provider) request. Will need to fulfil.The Reserve Bank of India has requested that the NPCI identify four to five banks that can serve as payment service providers for a significant volume of UPI transactions.The Paytm Payment Banks shares rose by 5% today and stayed on the upper circuit. Paytm shares have been consistently trading on the upper circuit this week. The closing price of Paytm shares today was 407.75.
