The Nationwide Funds Corp of India (NPCI) is more likely to approve a third-party software supplier license for Paytm, formally generally known as One 97 Communications, by March 15, three sources straight conscious of the event mentioned on Tuesday.
The central financial institution is unlikely to increase the deadline of March 15 set for Paytm’s banking unit, Paytm Funds Financial institution, to wind down its operations, one of many above sources and a fourth supply conscious of the central financial institution’s pondering mentioned.
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The third-party software supplier license will permit prospects to proceed utilizing the Paytm app to make funds by way of India’s standard unified fee interface after the banking arm winds down.
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