India's payments authority may grant third-party app licence to Paytm this week

India's payments authority may grant third-party app licence to Paytm this week

FILE PHOTO: Paytm app is seen on a smartphone in this illustration taken, July 13, 2021. REUTERS/Dado Ruvic/Illustration/File Photo/File Photo

The National Payments Corp of India (NPCI) is likely to approve a thirdparty application provider (TPAP) licence for Paytm, formally known as One 97 Communications, by March 15, three sources directly aware of the development said on Tuesday.