Paytm Granted TPAP License: Facilitating Seamless UPI Transactions
<p>NPCI’s press release dated March 14, 2024, heralded this significant milestone, marking OCL’s entry into the realm of facilitating <strong><em>UPI</em></strong> transactions as a TPAP.</p>
<p>This approval comes on the heels of NPCI’s ongoing efforts to streamline and enhance the efficiency of digital payment systems in the country.</p>
<p>Under the multi-bank model, TPAPs like OCL, with access to a substantial customer base, can connect to the <strong><em>UPI</em></strong> system through multiple Payment System Provider (PSP) banks.</p>
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