OCL operates under the brand name of Paytm.
To offer Unified Payments Interface (UPI) services, Paytm must connect with banks other than Paytm Payments Bank (Paytm PB).
Paytm declined to respond to a query from Business Standard on the issue.
While discussions with PSP banks are underway, the process could extend over a month before an agreement is reached, the sources said. As a result, Paytm may not be able to offer UPI services immediately after March 15, the date after which the Reserve Bank of India (RBI) has stated that Paytm PB will no longer be able to conduct deposit or credit transactions.
A TPAP is a service provider that participates in UPI through a PSP bank.
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