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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.