One 97 Communications Limited has informed the Exchange about Paytm Payments Services Limited receives Certificate of Authorization to operate as a Payment Aggregator under the Payment and Settlement Systems Act, 2007
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Paytm's subsidiary, Paytm Payments Services Limited, has been granted a Certificate of Authorization by the Reserve Bank of India to operate as a Payment Aggregator under the Payment and Settlement Systems Act, 2007. This license is mandatory for entities that facilitate online payments between merchants and buyers. The approval removes a key regulatory uncertainty that had been hanging over Paytm's payments business. It allows the subsidiary to legally continue and scale its payment aggregation services across the platform.
Positive for shareholders — this regulatory green light strengthens the core payments business, removes an overhang on the stock, and supports Paytm's long-term monetisation of its merchant ecosystem.