Paytm gets four new ‘@paytm’ like handles for UPI transactions as it partners with four major banks
The NPCI has allowed Paytm to participate in the UPI network as a Third-Party Application Provider. One97 Communications Limited, will now partner with Axis Bank, HDFC Bank, State Bank of India, and Yes Bank who will serve as Payment System Provider banks to Paytm
prativad 
The National Payments Corporation of India (NPCI) has officially granted approval to One97 Communications Limited (OCL), the parent company of Paytm, to participate in the Unified Payments Interface (UPI) as a Third-Party Application Provider (TPAP) under the multi-bank model.
Under this arrangement, four prominent banks - Axis Bank, HDFC Bank, State Bank of India, and Yes Bank - will serve as Payment System Provider (PSP) banks to OCL.
Additionally, Yes Bank will also function as the merchant acquiring bank for both existing and new UPI merchants associated with OCL.
The popular “@Paytm” handle will be redirected to Yes Bank, facilitating seamless UPI transactions and AutoPay mandates for existing users and merchants without any interruptions.
NPCI has allocated a closed user group UPI handle @ptyes for Paytm in association with Yes Bank.
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