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Paytm: Yes Bank To Likely Acquire Majority Merchant Accounts | NDTV Profit Exclusive

Paytm has also likely applied for a third-party application provider licence from the National Payment Corporation of India in collaboration with Yes Bank and Axis Bank, the people said.

<div class="paragraphs"><p>Paytm pavilion at the Global Fintech Fest. (Source: Vijay Sartape/NDTV Profit)</p></div>
Paytm pavilion at the Global Fintech Fest. (Source: Vijay Sartape/NDTV Profit)
One97 Communications Ltd. has likely signed a deal to move its merchant accounts to Yes Bank, according to people with direct knowledge of the matter.Paytm has also likely applied for a third-party application provider licence from the National Payment Corporation of India in collaboration with Yes Bank and Axis Bank, the people said.Since a deal has almost been finalised and the requisite documents have been submitted, approval from...
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