HDFC Bank's country head for payments Parag Rao, while replying to a question on Paytm, indicated that talks in going on to help the distressed fintech.
Paytm has been in talks with Jio Financial Limited since November of last year, while discussions with the banking giant HDFC started ahead of the RBI's action on the fintech.
The success rate of transactions via Paytm UPI LITE is said to be improved further as it is designed to reduce the load on bank systems for small-value payments