Paytm gets a lifeline with third-party license: What this means for you

Paytm on Thursday was granted a third-party application provider license by the National Payments Corporation of India (NPCI), just a day before the deadline for Paytm Payments Bank to cease its operations. The license offers Paytm’s customers a means to continue using its app for payments following the shutdown of Paytm Payments Bank on March 15.

What does this mean for you?

Paytm app continues for payments: You can still use the Paytm app to make UPI payments even though their banking arm, Paytm Payments Bank, is shutting down several services.