One 97 Communications Limited has informed the Exchange about General Update - Paytm Payments Services Limited receives RBI Authorisation for Offline and Cross-Border Payments, in addition to earlier authorisation for Online Payment Aggregation
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One 97 Communications Limited (Paytm) announced that its subsidiary, Paytm Payments Services Limited, has received RBI authorisation to operate as an Online Payment Aggregator for Offline transactions and Cross-Border (export/import) payments. This authorisation comes in addition to the earlier approval Paytm received for Online Payment Aggregation. With this expansion, Paytm can now offer a wider range of payment services, including in-store/offline merchant payments and international inward and outward remittances. This significantly broadens the scope of Paytm's payment services business beyond its current online-only offering.
Positive for shareholders — the expanded RBI authorisation opens new revenue streams in offline retail payments and the growing cross-border payments market, strengthening Paytm Payments Services' competitive positioning. This could support long-term growth in the payments business, though near-term stock impact may be modest as execution and merchant adoption take time.