| akshayviyona - Hyderabad, - Oct 09, 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 reports. This approval enables 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 can now support UPI-based transactions. The company announced the development in a press release dated September 8, 2025. Expansion into Smaller Markets Viyona Fintech said the NPCI nod will accelerate its efforts to expand digital payment access across tier II and tier III cities, as well as underserved rural areas, helping increase UPI adoption beyond metropolitan regions. GraamPays Role GraamPay, the companys flagship platform, is designed to serve rural India. It provides farmers, shopkeepers, and households with tools for UPI transactions, digital collections, and payouts, while also supporting rural e-commerce and financial literacy programs through 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, Viyona Fintech is ready to roll out UPI services through GraamPay and Viyona Pay, marking a key step in expanding digital payment infrastructure into smaller towns and rural regions across India. message akshayviyona about this ad |