Paytm gets nod to be third-party UPI provider, shares jump 5%
Tech in Asia·2024-03-15 17:00
Vijay Shekhar Sharma, founder and CEO of Paytm / Photo credit: Tech in Asia
One97 Communications, the parent firm of Indian fintech giant Paytm, has gained approval from the National Payments Corporation of India (NPCI) to become a third-party service provider on the country’s Unified Payments Interface (UPI) infrastructure. The news sent Paytm’s shares up by 5%.
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