NPCI in partnership with Yes Bank has approved @paytm and a closed user group UPI handle @ptypes for Paytm.
New Delhi. Paytm’s parent company One97 Communications has got five handles in partnership with four banks to continue UPI transactions. National Payments Corporation of India (NPCI) gave this information. The company’s existing handle @Paytm is one of the five handles that users can continue to use without any changes on their part. NPCI in partnership with Yes Bank has approved @Paytm and a closed user group UPI handle @Ptypes for Paytm.
NPCI has also approved @PTHDFC along with HDFC Bank and @PTSBI along with State Bank of India as partners. However, both these handles are not active at this time. A Paytm spokesperson said users can continue to use the @Paytm handle seamlessly without any changes on their part.
NPCI approved
NPCI on March 14 approved a third party application (TPAP) provider permit for Paytm in collaboration with SBI, Axis Bank, Yes Bank and HDFC Bank to continue UPI transactions for the company’s users.
Paytm’s UPI transactions were earlier being routed through Paytm Payments Bank (PPBL), which has been barred by the Reserve Bank of India (RBI) from accepting deposits, credit transactions or top-ups to any customer account after March 15. .
One97 Communications Limited (OCL) holds 49 per cent stake in PPBL, while the company’s founder and chief executive officer (CEO) Vijay Shekhar Sharma holds 51 per cent stake in the crisis-hit bank.
