[ad_1] NEW DELHI: Share of One97 Communications, parent company of Paytm, hit upper circuit for second consecutive session on Monday. The stock surged 18.50 or 4.99% to 389.20 with a total increase of 11% in two sessions after it received approval from the National Payments Corporation of India (NPCI) join UPI as a third-party application…
[ad_1] Paytm share price today: Shares of One97 Communications witnessed a significant jump of 5% to Rs 370.90 on the Bombay Stock Exchange on Friday. This follows the announcement that the National Payments Corporation of India (NPCI) has granted approval to Paytm to operate as a Third-Party Application Provider (TPAP) under the multi-bank model for…
[ad_1] NEW DELHI: Shares of Paytm‘s parent company, One97 Communication, hit upper circuit on Friday following National Payments Corporation of India (NPCI) approval to join UPI as a Third-Party Application Provider (TPAP) under a multi-bank model.Paytm shares surged nearly 5% or 17.65 points to 370.70 from its previous close of 353.05. Paytm will collaborate with…
[ad_1] MUMBAI: One97 Communications is likely to partner SBI, HDFC Bank, Axis Bank and Yes Bank to settle UPI transactions once it gets the third-party app provider licence.Banking sources said that the switchover will be smooth and phased, as the @paytm handle will be retained. However, instead of pointing to PPBL, these handles will point…
[ad_1] NEW DELHI: The National Payments Corp of India (NPCI) is expected to grant a third-party application provider (TPAP) license to Paytm, officially recognized as One 97 Communications, by March 15, Reuters reported, quoting three sources on Tuesday.Impact on customers and compliance issuesThis license will enable users to continue utilizing the Paytm app for transactions…
[ad_1] MUMBAI: Walmart-owned Flipkart on Sunday launched its UPI handle in partnership with Axis Bank. The UPI offering will initially be available for Android users. Flipkart is taking competition to the doors of its rival Amazon which runs its payment vertical Amazon Pay besides other payment firms like Paytm, PhonePe and Google Pay. Flipkart, which…
[ad_1] MUMBAI: Reserve Bank of India has signed an agreement with Nepal’s central bank for integration of UPI with National Payment’s interface of the Himalayan country.The agreement was inked in the presence of RBI governor Shaktikanta Das and his Nepali counterpart Maha Prasad Adhikari. The signing comes two years after the National Payment Corporation of…
[ad_1] Money transferred to a wrong UPI account? Sending money through Unified Payment Interface (UPI) is convenient, but mistakes can happen, resulting in funds being transferred to the wrong recipient. Many people mistakenly send money to the wrong bank account via their UPI-linked mobile number. This happens because their phone number is linked to their…
[ad_1] UPI for international payments: Unified Payments Interface (UPI) services are now available in Sri Lanka and Mauritius. Prime Minister Narendra Modi on Monday attended an event marking the launch of UPI and Rupay card services in both countries. NPCI International Payments Limited (NIPL) and Lyra also introduced UPI in France earlier this month.Prime Minister…
[ad_1] The National Payments Corporation of India (NPCI) and banks in the US and India are in advanced discussions to establish a real-time payment link between the two countries, according to sources familiar with the matter. The initiative aims to leverage NPCI‘s expertise in cross-border payment systems.NPCI is collaborating with Indian banks experienced in the…