paytm approval payments authority npci enroll new upi users paytm – TheNewsHub https://thenewshub.in Wed, 23 Oct 2024 11:22:04 +0000 en-US hourly 1 https://wordpress.org/?v=6.7 Paytm Gets Approval from NPCI to Enroll New UPI Users https://thenewshub.in/2024/10/23/paytm-gets-approval-from-npci-to-enroll-new-upi-users/ https://thenewshub.in/2024/10/23/paytm-gets-approval-from-npci-to-enroll-new-upi-users/?noamp=mobile#respond Wed, 23 Oct 2024 11:22:04 +0000 https://thenewshub.in/2024/10/23/paytm-gets-approval-from-npci-to-enroll-new-upi-users/

India’s Paytm said late on Tuesday it received approval from the country’s payments authority to onboard new unified payment interface (UPI) users, providing some relief for the financial services firm after a central bank-ordered ban on its banking unit.

The National Payments Corporation of India (NPCI) granted its approval following a request by the company in August, Paytm said.

The country’s financial regulator wound down Paytm’s banking unit in January due to persistent compliance issues, sparking worries about its key digital payments business and triggering a meltdown in its stock value.

Paytm shares have lost around 10 percent since the central bank clampdown on January 31.

Earlier in the day, shares of the company shed more than five percent after it reported a 34 percent decline in revenue and a 25 percent drop in monthly transacting users for September quarter.

© Thomson Reuters 2024

(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)

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Paytm Gets Approval from NPCI to Enroll New UPI Users https://thenewshub.in/2024/10/23/paytm-gets-approval-from-npci-to-enroll-new-upi-users-2/ https://thenewshub.in/2024/10/23/paytm-gets-approval-from-npci-to-enroll-new-upi-users-2/?noamp=mobile#respond Wed, 23 Oct 2024 11:22:04 +0000 https://thenewshub.in/2024/10/23/paytm-gets-approval-from-npci-to-enroll-new-upi-users-2/

India’s Paytm said late on Tuesday it received approval from the country’s payments authority to onboard new unified payment interface (UPI) users, providing some relief for the financial services firm after a central bank-ordered ban on its banking unit.

The National Payments Corporation of India (NPCI) granted its approval following a request by the company in August, Paytm said.

The country’s financial regulator wound down Paytm’s banking unit in January due to persistent compliance issues, sparking worries about its key digital payments business and triggering a meltdown in its stock value.

Paytm shares have lost around 10 percent since the central bank clampdown on January 31.

Earlier in the day, shares of the company shed more than five percent after it reported a 34 percent decline in revenue and a 25 percent drop in monthly transacting users for September quarter.

© Thomson Reuters 2024

(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)

For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who’sThat360 on Instagram and YouTube.


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