India Business News: NEW DELHI: One97 Communications, which operates the popular fintech brand Paytm, has been included in the MSCI Emerging Markets Small Cap Index.
The online payment company introduced this cashback offer following its approval from the National Payment Corporation of India (NPCI) to initiate the immediate migration of users to new Payment System Provider (PSP) bank handles in March.
On April 17, One97 Communications Limited (OCL), which runs Paytm, started the customer migration to partner with payment service provider (PSP) banks Axis Bank, HDFC Bank, SBI and Yes Bank.
The Reserve Bank of India (RBI) announced earlier this year that Paytm Payments Bank won't be able to receive more money into its customer accounts and wallets after March 15, 2024. Because of this, UPI users with “@paytm” handles need to take extra steps to keep using digital payments without interruptions.
TECH TIPS News: NPCI authorizes Paytm to move users to new banks for UPI payments. OCL serves as TPAP. Paytm collaborates with Axis, HDFC, SBI, and YES. Users instruc