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