Paytm begins user migration to new UPI ids, know how it will affect you
Yes Bank. “Following NPCI's approval on March 14, 2024, to onboard OCL as a Third-Party Application Provider (TPAP) on the Multi Payment Service Provider API Model, Paytm has expedited the integration with Axis Bank, HDFC Bank, State Bank of India (SBI), and YES Bank.
All four banks are now operational on the TPAP, streamlining the process for Paytm to shift user accounts to these PSP banks," the company said in its stock exchange filing on Wednesday. Once a Paytm user has been migrated to another partner payment service provider (PSP) banks then the present UPI id with ‘@paytm’ of these users will change to new UPI id with any of the four id : @ptsbi, @pthdfc, @ptaxis and @ptyes.Milestone Alert!
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