NPCI Approves Viyona Fintech as Third-Party Application Provider

Hyderabad-based Viyona Fintech, a digital payments platform, has received approval from the National Payments Corporation of India (NPCI) to operate as a Third-Party Application Provider (TPAP), enabling it to support UPI-based transactions in collaboration with partner banks.

Key Details

Approved Applications:

GraamPay – Viyona’s flagship platform focused on rural and semi-urban markets.

Viyona Pay – Designed to facilitate UPI-based collections and payments.

Objective:
To expand access to digital payments across Tier II and Tier III cities, as well as underserved rural regions.

Target Users:
Shopkeepers, households, and small businesses.

Services Offered:

UPI transactions

Digital collections and payouts

About Third-Party Application Providers (TPAPs)

A Third-Party Application Provider (TPAP) is a regulated intermediary that facilitates digital payments—such as UPI—between customers and banks through mobile or web applications, without holding customer funds.

Key Features:

Intermediary Role:
Acts as a secure bridge between banks and end-users, enabling UPI-based transactions via third-party apps.

Regulation:
Authorized and overseen by the National Payments Corporation of India (NPCI), ensuring compliance with security, privacy, and operational standards.

No Fund Handling:
TPAPs do not hold or settle customer funds; settlements occur directly between payer and payee bank accounts.

Customer Experience:
Offers intuitive, user-friendly interfaces for seamless UPI payments, bill payments, and digital collections.
Supports multi-bank interoperability, allowing users to access multiple banks through a single application.