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new UPI payments usersTechCrunch
•76% Informative
Paytm, a leading Indian financial services firm, has received regulatory approval to resume adding new UPI payments users.
The Reserve Bank of India ordered Paytm to cease many of the businesses at its affiliate payments bank early this year .
UPI , which processes over 15 billion monthly transactions, dominates India ’s online payments.
Analysts at Bernstein and Goldman Sachs said the approval is a “significant” development that will help revive Paytm ’S transacting user growth.
VR Score
86
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94
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18
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formal
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English
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51
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Time-value
short-lived
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