RediffPay Initiates CUG Testing Ahead of UPI Launch, Post Securing TPAP License from NPCI

Rediff.com India Ltd. has received final approval from the National Payments Corporation of India (NPCI) for its Third-Party Application Provider (TPAP) license, enabling it to roll out its digital payments platform, RediffPay. The company has commenced Closed User Group (CUG) testing and is preparing to launch India’s first UPI app focused on financial wellness. RediffPay aims to blend traditional UPI capabilities with a broader financial wellness proposition, encouraging better financial habits through curated savings and investment products, quick credit access, and supporting Credit Line on UPI.