After Google Pay, WhatsApp, CRED, now Paytm joins third-party UPI app club; check out the full list here
Paytm UPI news: Digital payments firm Paytm becomes the 25th third-party app permitted to offer payment services under the UPI payments platform after the latest development. Simply put, Paytm will be allowed to facilitate UPI payments with the help of four PSP banks. Read on to know what it means for you in simple terms.
Paytm UPI news: Digital payments firm Paytm is set to become the 25th third-party app offering payment services under the country's all-popular Unified Payments Interface (UPI) payments platform after the National Payments Corporation of India (NPCI) permitted the company's parent, One97 Communications, to operate as a third-party application provider (TPAP). The development will enable Paytm to facilitate UPI payments with the help of four banks that will act as payment system providers (PSPs).
The NPCI has advised Paytm to complete the migration for its existing handles and mandates, wherever required, to new payment system provider banks at the earliest. Paytm joins a long list of third-party app providers that are authorised to handle UPI payments—such as Bajaj Finserv, Amazon Pay, Flipkart Advanz, Google Pay, Groww, CRED, Kiwi, MobiKwik and PhonePe—with different banks acting as PSPs.
Here's the full list of third-party apps after the addition of Paytm:
Sr. No. | TPAP | PSP Banks | Handle Name |
1 | Amazon Pay | Axis Bank | @apl |
Yes Bank | @yapl | ||
RBL Bank | @rapl | ||
2 | Bajaj Finserv | Axis Bank | @abfspay |
3 | Bajaj MARKETS (Finserv Markets) | Axis Bank | @abfspay |
4 | CRED | Axis Bank | @axisb |
5 | Fave (Pinelabs) | IDFC FIRST Bank | @idfcbank |
6 | Flipkart Advanz Private Ltd | Axis Bank | @fkaxis |
7 | Goibibo | ICICI bank | @icici |
8 | Google Pay | Axis Bank | @okaxis |
HDFC Bank | @okhdfcbank | ||
ICICI | @okicici | ||
State Bank of India | @oksbi | ||
9 | Groww | Yes Bank | @yesg |
10 | Jupiter Money | Axis Bank Limited | @jupiteraxis |
11 | Kiwi | Axis Bank Limited | @goaxb |
12 | Make My Trip | ICICI | @icici |
IndusInd Bank | @indus | ||
13 | MobiKwik | HDFC Bank | @ikwik |
14 | Navi | Axis Bank | @naviaxis |
15 | Niyo Global | ICICI Bank | @NIYOICICI |
16 | Phonepe | Yes Bank | @ybl |
ICICI Bank | @ibl | ||
Axis Bank | @axl | ||
17 | Samsung Pay | Axis Bank | @pingpay |
18 | Shriram One | HDFC Bank | @shriramhdfcbank |
19 | slice | Axis Bank | @sliceaxis |
20 | TataNeu | ICICI Bank | @tapicici |
21 | Timepay | The Cosmos Co-Operative Bank Ltd. | @timecosmos |
22 | Ultracash | IDFC Bank | @idfcbank |
23 | WhatsApp* | ICICI Bank | @waicici, @icici |
Axis Bank | @waaxis | ||
HDFC Bank | @wahdfcbank | ||
State Bank of India | @wasbi | ||
24 | Aditya Birla Capital Digital | ICICI Bank | @abcdicici |
25 | Paytm | Yes Bank | @paytm |
@ptyes (CUG Live)# | |||
Axis Bank | @ptaxis (CUG Live)# | ||
HDFC Bank | @pthdfc** | ||
SBI | @ptsbi** | ||
(Source: www.npci.org.in) |
Legend
*Note: Maximum registered user base of hundred (100) million in UPI
**(WIP) Work in Progress
# CUG Live - Closed User Group Live
What is UPI?
UPI or Unified Payments Interface is the country's real-time payments system that enables users to transfer money seamlessly across banks.
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