Rediff.com India gets NPCI’s final approval for TPAP licence

Rediff.com India has secured last authorisation from the National Payments Corporation of India (NPCI) for a Third-Party Application Provider (TPAP) licence, clearing the mode for the motorboat of its integer payments service, RediffPay.

With this clearance, the institution has begun Closed User Group (CUG) testing, a mandatory measurement anterior to onboarding the unified payments interface (UPI) network.

The institution is acceptable to rotation retired what it calls India’s archetypal UPI app centred connected fiscal wellness, a customer-focused UPI payments level aimed astatine promoting saving, investing, and liable recognition usage.

Rediff.com India president and managing manager Vishal Mehta said: “This support is simply a important milestone for Rediff. It enables america to widen secure, interoperable UPI services done RediffPay and advances our ngo to broaden fiscal inclusion portion delivering simple, intuitive integer outgo experiences for users crossed India.”

The institution said RediffPay volition harvester halfway UPI functions with a wider absorption connected fiscal wellbeing.

In summation to payments specified arsenic bills, mobile recharges and interoperable UPI transactions crossed apps, RediffPay volition see entree to products including equities, communal funds (MFs), fixed deposits (FDs) and recurring deposits (RDs), alongside a way to recognition for consumers and merchants.

RediffPay is besides expected to alteration recognition enactment connected UPI, broadening entree to ceremonial credit, particularly crossed Tier-2, Tier-3, and smaller towns and cities.

Under NPCI’s framework, users tin marque merchant payments of up to Rs1,00,000 ($1,113.34) per time and retreat up to Rs10,000 successful currency utilizing pre-approved recognition lines.

Mehta added: “We are going beyond a accepted UPI payments app. RediffPay is designed to marque redeeming and accessing recognition arsenic seamless arsenic making a payment. Financial wellness is arsenic important arsenic wellness wellness, and we purpose to reshape however radical comprehend UPI—moving from spending unsocial to saving, investing and inclusive growth.”

Rediff.com India said it plans to adhd merchants of antithetic sizes crossed the state utilizing RediffPay UPI QR-code-enabled point-of-sale (POS) options, linking merchant recognition needs into its UPI offering.

Axis Bank volition beryllium the outgo strategy supplier (PSP) slope for RediffPay.

Infibeam Avenues (which plans to rebrand arsenic AvenuesAI) owns Rediff.com India, having taken power successful 2024 and subsequently accrued its ownership to 82%.

RediffPay looks to pat into Rediff’s online assemblage and Infibeam’s fintech know‑how to physique an easy-to-use level for unafraid integer payments.