RBI asks NPCI to consider Paytm’s request for TPAP: What it means, how it could benefit users?

Syllabus: GS- III

Subject: Economy

Topic: Banking and Financial Intermediaries

Issue: Third-Party Application Provider(TPAP)

Context: The RBI has asked the NPCI to examine the request of Paytm to become a Third-Party Application Provider (TPAP).

Third-Party Application Provider(TPAP):

  • It is an entity that provides the UPI compliant apps to the end-user customers to facilitate UPI-based payment transactions.
  • Any entity which is using the UPI infrastructure for payments requires approval from NPCI.
National Payment Corporation of India  (NPCI)

●       It is a non- bank entity and holds a license under the Payment and Settlement Systems Act 2007 to operate the payment/settlements.

●       NPCI has developed Unified Payment Interface (UPI) and it owns and operates it.


Scroll to Top