Paytm Payments Services gets RBI nod to operate as online payment aggregator
PTI
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New Delhi, Aug 12 (PTI) Paytm Payments Services has received the Reserve Bank of India's nod to operate as an online payment aggregator, its parent firm and Paytm brand owner One 97 Communications said in a filing on Tuesday.
The move also removes restriction on Paytm Payments Services Limited from onboarding new merchants which was imposed on the company on November 25, 2022.
'Paytm Payments Services Limited (PPSL), a wholly-owned subsidiary of One 97 Communications Limited (OCL or the Company), for a Payment Aggregator (PA) licence. We would like to inform you that Reserve Bank of India ('RBI") has granted 'in-principle' authorisation to PPSL vide its letter…dated August 12, 2025, to operate as an Online Payment Aggregator under the Payment and Settlement Systems Act, 2007," the filing said.
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August 12, 2025, 21:15 IST
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