| akshayviyona - Hyderabad, - Oct 08, 2025 |
|
message akshayviyona about this ad Hyderabad-based startup Viyona Fintech has received approval from the National Payments Corporation of India (NPCI) to operate as a Third-Party Application Provider (TPAP according to news reports. This authorization allows the company to offer Unified Payments Interface (UPI) services in partnership with banks. Platforms Covered The approval applies to Viyonas two applications, GraamPay and Viyona Pay, both of which will now support UPI-based transactions. The company announced this development in a press release dated September 8, 2025. Expansion into Smaller Markets Viyona Fintech stated that the NPCI nod will accelerate its plans to increase digital payment access across Tier II and Tier III cities, as well as underserved rural areas. The initiative is expected to expand UPI penetration beyond metropolitan regions. GraamPays Role GraamPay, Viyonas flagship platform, is designed for rural India. It provides farmers, shopkeepers, and households with tools for UPI transactions, digital collections, and payouts. The platform also supports rural e-commerce and financial literacy programs through a network of Village-Level Entrepreneurs (VLEs Leadership Statement Ravindranath Yarlagadda, Founder of Viyona Fintech, said, This approval reflects NPCIs confidence in our fintech applications to make UPI payments more accessible for farmers, shopkeepers, and households. Conclusion With NPCI approval in place, Viyona Fintech is now set to roll out UPI services through GraamPay and Viyona Pay, further expanding digital payment infrastructure into smaller towns and rural regions of India. message akshayviyona about this ad |