What are the RBI's measure over PayTm Request "For Continued UPI Operation"

RBI's Measure Over PayTm Request "For Continued UPI Operation"

If approved, this would allow PayTm to continue processing payments via India's popular unified payments interface.

The Reserve Bank of India said on Friday it has asked the National Payments Corporation of India 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.

On Jan-31-2024 the central bank asked PayTm Payments Bank, an associate of PayTm, to wind down its business by Mar-15-2024 leading to disruption for the popular payment app, which used the banking unit at the back end.

`A set of newly identified banks will need to back the PayTm app. To ensure a seamless migration, the central bank has urged the payment authority to handle it.

"No new users are to be added by the said Third Party Application Provider (TPAP). until all the existing users are migrated satisfactorily to a new handle," the RBI said.

Comments

Post a Comment

Popular posts from this blog

ONLINE BUYING GUIDE FOR VIVO V50 MOBILE

ONLINE BUYING GUIDE FOR VIVO V50 MOBILE ONLINE BUYING LINK: https://amzn.to/4gZPBir VIVO V50 MOBILE - TECHNICAL SPECIFICATIONS RAM & Storage 8 GB RAM + 128 GB 8 GB RAM + 256 GB 12 GB RAM + 512 GB Processor Qualcomm Snapdragon 7 Gen 3 Rear Camera 50 MP + 50 MP Front Camera 50 MP Battery 6000 mAh Display 6.77 inches (17.2 cm) Operating System Android 15 Custom UI Funtouch OS Software Support 3 Years OS / 4 Years Security (estimated from the launch date) Chipset Qualcomm Snapdragon 7 Gen 3 CPU Octa core (2.63 GHz, Single core, Cortex A715 + 2.4 GHz, Tri core, Cortex A715 + 1.8 GHz, Quad core, Cortex A510) Architecture 64 bit Fabrication 4 nm Graphics Adreno 720 RAM 8 GB / 12 GB RAM Type LPDDR4X Display Type AMOLED (Curved Display) Screen Size 6.77 inches (17.2 cm) Resolution 1080x2392 px (FHD+) Peak Brightness 4500 nits Refresh Rate 120 Hz Aspect Ratio 20:9 Pixel Density 388 ppi Screen to Body Ratio (calculated) 88.33 % Screen Protection Yes Bezel-less display Yes with punch-hole disp...
Read more

US President Joe Biden warns Israel against occupying Gaza as Ground Invasion.

Israeli occupation of Gaza would be a big mistake warns  US President Joe Biden. Whas has just happened? Why in recent news? An Israeli occupation of Gaza would be a big mistake  US President Joe Biden said adding that Hamas and the extreme elements of Hamas don't represent alll the Palastinian people.  US President Joe Biden was speaking with Scott pelly on CBS News's 60 mminutes interview program on Sunday. Need for Humanitaarian assistance? He said that he supports the establishment of humanitarian corridor for supplies and aid to be brought into Gaza and added that he doesnot support the Israeli occupation of Gaza, I think it'd be a big mistake. Look what happened in Gaza in my view Hamas and the extreme elements of Hamas don't represent all the Palastinian people. And I think that it would be a mistake for Israeli to occupy Gaza again he said. Israel had previously occupied from Gaza from 1967 till 2005. If the measures aimed at immediately stopping the Israeli a...
Read more

IIT Madras Graduate Pavan Davuluri To Head Microsoft Windows

Mr. Pavan Davuluri has worked for over 23 years at Microsoft and was involved in its work with Qualcomm and AMD to create processors for Surface. Mr. Pavan Davuluri, an IIT Madras alumni, was appointed the new head of Microsoft Windows and Surface, making him the latest Indian to take on a leadership role at a Big Tech company much like Google's Sundar Pichai and Microsoft's Satya Nadella. Mr. Pavan Davuluri takes over from longtime product chief Panos Panay who left the department to join Amazon last year. Earlier,  Mr. Pavan Davuluri oversaw the Surface group while Mikhail Parakhin headed the Windows department. After Mr Parakhin and Mr Panay quit, he has taken over both Windows and Surface departments. An internal memo from Rajesh Jha, Microsoft's head of experiences and devices, accessed by The Verge outlined the new hierarchy in the organisation. He said the decision will help the organisation to take a "holistic approach" to build its devices and experiences...
Read more