One 97 Communications Limited has informed the Exchange regarding 'Paytm Payments Services Limited (PPSL) receives in-principle authorisation to operate as an Online Payment Aggregator under the Payment and Settlement Systems Act, 2007'.
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Paytm's wholly-owned subsidiary, Paytm Payments Services Limited (PPSL), has received 'in-principle' authorisation from the Reserve Bank of India (RBI) to operate as an Online Payment Aggregator under the Payment and Settlement Systems Act, 2007. This follows an application filed by PPSL, with previous updates shared in August 2024. As part of the approval, the merchant onboarding restrictions placed on PPSL by the RBI in November 2022 have been withdrawn from August 12, 2025. PPSL must complete a system and cybersecurity audit within six months and submit it to the RBI, failing which the in-principle authorisation will lapse automatically. The approval is subject to compliance with RBI's Payment Aggregator and Payment Gateway guidelines and related data storage and cyber resilience norms.
This is a positive development for Paytm as it removes a long-standing regulatory overhang on PPSL's payment aggregation business, potentially enabling it to onboard new merchants and grow its payments revenue. However, the in-principle nature of the approval means final authorisation still depends on completing the required audits within six months.