On December 17, 2025, Paytm Payments Services Limited (PPSL), a wholly-owned subsidiary of One 97 Communications Limited, received approval from the Reserve Bank of India (RBI) to operate as a Payment Aggregator for Physical (offline) payments and Cross-Border transactions, covering both inward and outward flows.
This approval complements the online Payment Aggregator authorisation that PPSL secured from the RBI on November 26, 2025. With the latest authorisation, PPSL now holds Payment Aggregator licenses across all segments: online, offline, and cross-border.
The full suite of approvals has been granted under the Payment and Settlement Systems Act, 2007. The authorisation enables PPSL to provide end-to-end payment aggregation services, offering merchants seamless payment acceptance solutions and strengthening One 97 Communications’ position in domestic and international markets.
The Payment Aggregator authorisation is governed by the terms and conditions under Certificate of Authorisation (CoA) No. 258/2025, dated November 26, 2025.
The RBI has advised PPSL to launch its Cross-Border Payment Aggregator services within six months from the date of the communication (December 17, 2025) and notify the central bank upon commencement.
PPSL must operate in full compliance with the Payment and Settlement Systems Act, 2007, and all applicable guidelines issued by the RBI. Non-compliance could result in regulatory measures, including operational restrictions or cancellation of the CoA.
The RBI has also directed PPSL to follow its Incident Reporting Mechanism. Any unusual incident, such as cyber-attacks, major system outages, internal fraud, or settlement delays, must be reported to the Department of Payment and Settlement Systems, Central Office, via email within six hours of occurrence. Failure to meet the reporting timeline may attract penal action under the PSS Act.
One 97 Communications Limited completed a major capital infusion into PPSL. On December 12, 2025, the Company invested ₹2,250 crore through subscription to PPSL’s Rights Issue of Equity Shares. This investment strengthens the subsidiary’s financial capacity to scale operations under the new licenses.
Paytm share price declined after market open, as of 10:13 am the stock price was trading at ₹1,264.9 per share, down by 0.34%. The stock price has given over 25% returns in the calendar year 2025.
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