Paytm Receives NPCI Approval to Onboard New UPI Users

• Paytm has received approval from the National Payments Corporation of India (NPCI) to onboard new UPI users.
• This comes after the Reserve Bank of India's (RBI) restrictions on Paytm Payments Bank in January.
• Despite restrictions, Paytm accounted for more than 100 Cr transactions in September.
• Paytm reported a profit after tax (PAT) of INR 930 Cr in Q2 FY25, largely due to the sale of its entertainment ticketing business to Zomato.
• Paytm's market share in UPI transactions slipped from 13% in January 2024 to about 7% in September.

Source: Inc42