Stashfin joins UPI ecosystem with NPCI-approved TPAP licence

By Gloria Mathias

Stashfin, a financial services platform in India, has added another dimension to its capabilities by obtaining a Third-Party Application Provider (TPAP) license from the National Payments Corporation of India (NPCI).

Tushar Aggarwal, Founder of Stashfin, announced this milestone during the company’s event in Mumbai, highlighting its significance in Stashfin’s journey to becoming a one-stop financial services platform.

This license allows Stashfin to offer seamless digital payment solutions by leveraging UPI’s real-time, low-cost payment infrastructure for instant disbursements, repayments, and enhanced credit assessments. The addition of UPI capabilities positions Stashfin at the forefront of digital financial innovation, bridging the gap between lending and seamless payment solutions.

By combining credit access with a robust payment infrastructure, Stashfin aims to create a unified platform that addresses the multifaceted financial needs of individuals and businesses while driving efficiencies in India’s rapidly growing digital economy.

With UPI reshaping the digital lending landscape by enhancing credit access for underserved populations, Stashfin’s integration aims to extend its reach further by providing inclusive, transparent financial solutions such as scan and pay, UPI autopsy, and UPI circle.

Tushar Aggarwal, Founder & CEO of Stashfin, said, “Securing the TPAP license is a key landmark in our journey to becoming a full-stack financial services platform. By integrating UPI, we are enhancing the scope and versatility of our offerings, enabling businesses and individuals to access both credit and payment solutions seamlessly. The integration also strengthens our commitment to providing comprehensive, technology-driven financial tools that support the evolving needs of today’s digital economy.”

Stashfin has consistently been at the forefront of innovation. It became the first FinTech NBFC to list NCDs with a reduced face value of ₹10,000 on the BSE, leveraging SEBI’s recent amendments under the Issue and Listing of Non-Convertible Securities Regulations, 2024, to democratise bond investments and enhance retail accessibility.

This initiative underscored Stashfin’s mission to provide every Indian with access to financial products, ensuring inclusivity and empowerment. The UPI payments license is a significant step in this direction, enhancing customer experiences with seamless and delightful solutions.