India, April 16 -- Listed fintech SaaS startup Zaggle has received approval from the National Payments Corporation of India (NPCI) to operate as a third party application provider (TPAP).

The move will now allow the startup to offer Unified Payments Interface (UPI) services directly through its platform, empowering over 3 Mn users across its digital ecosystem.

For the uninitiated, TPAP licence allows a company to offer UPI services to users via a payment system provider (PSP) bank.

The licence will also let Zaggle offer a comprehensive financial suite, including payments, expense management, tax-saving tools and value-added financial services within a single interface, the company said in a statement.

"Securing the TPAP approval marks...