BAJAJ BROKING

Notification close image
No new Notification messages
card image
Indogulf Cropsciences IPO is Open!
Apply for the Indogulf Cropsciences IPO through UPI in just minutes.
delete image
card image
Start your SIP with just ₹100
Choose from 4,000+ Mutual Funds on Bajaj Broking
delete image
card image
Open a Free Demat Account
Pay ZERO maintenance charges for the first year, get free stock picks daily, and more.
delete image
card image
Trade Now, Pay Later with up to 4x
Never miss a good trading opportunity due to low funds with our MTF feature.
delete image
card image
Track Market Movers Instantly
Stay updated with real-time data. Get insights at your fingertips.
delete image

Paytm Receives Approval To Onboard New UPI Users

Listen to our Podcast: Grow your wealth and keep it secure.

0:00 / 0:00

Synopsis:

NPCI grants Paytm approval to onboard new UPI users, reversing the RBI's earlier restrictions. This decision could positively impact Paytm's business growth and Paytm share price.

Paytm news today

In a significant development for Paytm, the National Payments Corporation of India (NPCI) has granted approval to One97 Communications Ltd (OCL) to onboard new Unified Payments Interface (UPI) users. This follows restrictions imposed earlier this year by the Reserve Bank of India (RBI) on Paytm Payments Bank Limited (PPBL), which had barred the fintech company from adding new UPI users to its platform.

This move is expected to give Paytm a much-needed boost after the January 31 order that halted its UPI expansion. With NPCI’s green light, Paytm will now be able to continue onboarding users, provided it complies with procedural guidelines and circulars related to risk management, data protection, and UPI market share.

ONE 97 COMMUNICATIONS LTD

Trade

919.353.59 (0.39 %)

Updated - 27 June 2025
921.95day high
DAY HIGH
905.45day low
DAY LOW
4347760
VOLUME (BSE)

Compliance conditions for Paytm

Paytm’s approval comes with strict adherence to NPCI’s guidelines, including the Payment and Settlement Systems Act, 2007, and the Digital Personal Data Protection Act, 2023. Additionally, the company must meet conditions outlined in its tri-partite agreement with NPCI and Payment Service Provider (PSP) banks. Paytm will operate through key banking partners such as SBI, HDFC Bank, Axis Bank, and YES Bank for UPI services.

This decision follows an appeal made by Paytm on August 1, 2024, where it requested the NPCI to reconsider its ability to onboard new UPI users. After an extensive review, NPCI has permitted Paytm to move forward, enabling it to strengthen its UPI services.

Impact on Paytm's business and market position

The approval is anticipated to enhance Paytm’s growth prospects, allowing it to tap into the rapidly expanding digital payments market. As UPI remains a dominant payment method in India, Paytm’s ability to onboard new users could positively impact its market share. Additionally, this development could influence Paytm share price favourably as it revives its UPI business segment, which is crucial to its overall revenue generation.

The NPCI’s approval marks a significant turnaround for Paytm, as the company can now resume onboarding new UPI users after a months-long hiatus. This step positions Paytm to compete more effectively in the digital payment ecosystem, potentially boosting its market value and service offerings.

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

For All Disclaimers Click Here: https://bit.ly/3Tcsfuc

Share this article: 

Read More Blogs

Disclaimer :

The information on this website is provided on "AS IS" basis. Bajaj Broking (BFSL) does not warrant the accuracy of the information given herein, either expressly or impliedly, for any particular purpose and expressly disclaims any warranties of merchantability or suitability for any particular purpose. While BFSL strives to ensure accuracy, it does not guarantee the completeness, reliability, or timeliness of the information. Users are advised to independently verify details and stay updated with any changes.

The information provided on this website is for general informational purposes only and is subject to change without prior notice. BFSL shall not be responsible for any consequences arising from reliance on the information provided herein and shall not be held responsible for all or any actions that may subsequently result in any loss, damage and or liability. Interest rates, fees, and charges etc., are revised from time to time, for the latest details please refer to our Pricing page.

Neither the information, nor any opinion contained in this website constitutes a solicitation or offer by BFSL or its affiliates to buy or sell any securities, futures, options or other financial instruments or provide any investment advice or service.

BFSL is acting as distributor for non-broking products/ services such as IPO, Mutual Fund, Insurance, PMS, and NPS. These are not Exchange Traded Products. For more details on risk factors, terms and conditions please read the sales brochure carefully before investing.

Investments in the securities market are subject to market risk, read all related documents carefully before investing. This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

[ Read More ]

For more disclaimer, check here : https://www.bajajbroking.in/disclaimer

Our Secure Trading Platforms

Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading

Bajaj Broking App Download

10 lakh+ Users

icon-with-text

4.4 App Rating

icon-with-text

4 Languages

icon-with-text

₹5100+ Cr MTF Book

icon-with-text
banner-icon

Open Your Free Demat Account

Enjoy low brokerage on delivery trades

+91

|

Please Enter Mobile Number

Open Your Free Demat Account

Enjoy low brokerage on delivery trades

+91

|