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Paytm shares surge 5% after third-party application provider approval for UPI: What does it mean for shareholders? | India Business News – Times of India

getworldnews1 year ago04 mins

Paytm share price today: Shares of One97 Communications witnessed a significant jump of 5% to Rs 370.90 on the Bombay Stock Exchange on Friday. This follows the announcement that the National Payments Corporation of India (NPCI) has granted approval to Paytm to operate as a Third-Party Application Provider (TPAP) under the multi-bank model for UPI…

Paytm Gets Third-Party UPI App License as Banking Unit Halts Operation

getworldnews1 year ago03 mins

Indian digital payments firm Paytm, formally known as One 97 Communications, was on Thursday granted a third-party application provider license by the country’s payments authority, which will enable it to facilitate payments after its banking unit ceases operations. The license will allow customers to continue using the Paytm app for payments through India’s popular unified…

Paytm hits upper circuit as NPCI allows UPI operation via SBI, 3 other banks – Times of India

getworldnews1 year ago02 mins

NEW DELHI: Shares of Paytm‘s parent company, One97 Communication, hit upper circuit on Friday following National Payments Corporation of India (NPCI) approval to join UPI as a Third-Party Application Provider (TPAP) under a multi-bank model.Paytm shares surged nearly 5% or 17.65 points to 370.70 from its previous close of 353.05. Paytm will collaborate with Axis…

‘NPCI to approve Paytm request for third-party application license this week’ – Times of India

getworldnews1 year ago01 mins

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India Moves Forward in Blockchain, AI Research as NPCI and IISc Join Forces

getworldnews1 year ago04 mins

India, despite its sceptic stance towards cryptocurrencies, is all in favour of conducting research and development around blockchain – the underlaying technology that powers cryptocurrencies. In a fresh development, the National Payments Corporation of India (NPCI) has joined forces with the Indian Institute of Science (IISc), Bengaluru. The aim of this partnership is to conduct…

RBI Moves to Keep UPI Transactions Working on Paytm

getworldnews1 year ago03 mins

The Reserve Bank of India said on Friday it has asked the National Payments Corporation of India (NPCI) to examine a request from Paytm, formally known as One 97 Communications, to become a third party application provider (TPAP). If approved, this would allow Paytm to continue processing payments via India’s popular unified payments interface (UPI),…

UPI payment services launched in Sri Lanka, Mauritius; PM Modi describes it as ‘special day’

getworldnews1 year ago03 mins

The launching of UPI services in Sir Lanka and Mauritius enables the availability of UPI settlement services for Indian nationals travelling to Sri Lanka and Mauritius as well as for Mauritian nationals travelling to India. | Photo Credit: The Hindu India’s Unified Payment Interface (UPI) services were on February 12 rolled out in Sri Lanka…

Weekly Tech recap: Jio’s New Year Plan, Tesla robot incident and more

getworldnews1 year ago06 mins

In a week packed with significant developments, legal battles took center stage as The New York Times (NYT) filed a lawsuit against Microsoft and OpenAI, accusing them of unauthorized use of NYT’s content to build artificial intelligence models, namely ChatGPT and Copilot. Meanwhile, on the innovation front, Reliance Jio and the Indian Institute of Technology-Bombay…