Paytm declares fabulous cashback offers: Switches merchant customer ACs to UPI with 4 leading TPAP Banks

Prameyanews English

Published By : Prameya News Bureau | May 07, 2024 IST

Bhubaneswar, May 7: Paytm, the Fintech platform has recently rolled out fabulous offers for its valued costumers providing Rs 100 cash back on all UPI payments that are made through the app.

According to a press briefing, migration of merchant customer accounts to UPI handles from the Paytm has been completed. As many as four leading banks are now on Paytm’s Third Party Application Provider (TPAP). The four banks that will act as Payment Service Providers (PSP) include the State Bank of India, Axis Bank, HDFC, and Yes Bank.All four banks are now operational on the Third Party Application Provider (TPAP), streamlining the process for Paytm to shift user accounts to these PSP banks for user-friendly experience and hassles online transaction.

Taking to X (formerly Twitter), the firm said, "Paytm is India’s favorite payment app! Now, with the power of four banks, Get assured Rs 100 cashback on UPI payments using the Paytm app." Recently, the National Payment Corporation of India (NPCI) allowed One97 Communications (parent of Paytm) to migrate its users to the new payment service provider's bank handles. The NPCI recently allowed Paytm to act as a third-party application provider. 


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