Paytm shares jump 6.50 per cent on getting NPCI nod to onboard new UPI users

Shares of One97 Communications surged by 6.50% after the National Payments Corporation of India (NPCI) approved Paytm to onboard new UPI users. This relief follows earlier Reserve Bank restrictions on Paytm Payments Bank. Paytm must adhere to all NPCI procedural guidelines, including risk management and customer data.