SEBI approves Paytm UPI handle, helping firm in managing IPO applications

The Securities and Exchange Board of India (SEBI) has approved Paytm Payments Bank Limited's @Paytm unified payments interface (UPI) handle to enable payment mandates for initial public offerings (IPO) application.

This will allow users to invest in capital markets through various brokerage platforms using their @Paytm UPI handle.

Paytm Payments Bank has entered into a partnership with Paytm Money to enable payment mandates for IPO applications.

Paytm Money, Paytm's stocks and mutual fund investment platform, aims to get more than 10 million users and 75 million yearly transactions in the coming financial year.

“By enabling @paytm UPI to apply for IPO we are giving