Paytm resumes UPI services after 8 months ban: What this means for digital payments landscape
Paytm has been granted approval by the National Payments Corporation of India (NPCI) to resume adding new users to its Unified Payments Interface (UPI) platform. This comes after an 8-month suspension, which began in early 2024. The approval, issued on October 22, 2024, follows Paytm's adherence to regulatory requirements, including those related to risk management and customer data protection. The company, in a filing with the Bombay Stock Exchange (BSE), confirmed that it will need to comply with NPCI's guidelines moving forward.