Explore Business Standard
Paytm
Fintech firm One97 Communications on Thursday said its subsidiary Paytm Payments Services Limited (PPSL), has received authorisation from the Reserve Bank of India to operate as a Payment Aggregator for physical (offline) payments and cross-border transactions. The approval is in addition to the authorisation for Online Payment Aggregation already granted by the central bank to PPSL last month. "Reserve Bank of India (RBI) on December 17, 2025 has authorised Paytm Payments Services Limited (PPSL), a wholly-owned subsidiary of One 97 Communications Limited, to operate as a Payment Aggregator for Physical (offline) payments and Cross-Border transactions (both inward and outward), in addition to the online Payment Aggregator authorisation already granted by RBI on November 26, 2025, under the Payment and Settlement Systems Act, 2007, Paytm said in a regulatory filing. With the new license, PPSL now holds Payment Aggregator authorisations across online, offline, and cross-border segment
Fintech firm One97 Communications said its subsidiary, Paytm Payments Services Limited, has received the RBI permit after a long wait to operate as a payment aggregator. The Reserve Bank of India granted in-principle approval to Paytm Payments Services Limited in August to operate as an online payment aggregator. "...Reserve Bank of India on November 26, 2025, has granted Certificate of Authorization (COA) to Paytm Payments Services Limited (PPSL)...to operate as a Payment Aggregator under the Payment and Settlement Systems Act, 2007," One97 Communications said in a regulatory filing. The banking regulator had also removed restrictions from Paytm Payments Services Limited on onboarding new merchants, which were imposed on the company on November 25, 2022. In November 2020, PPSL applied for a licence with the Reserve Bank of India (RBI) to operate as a payment aggregator under the guidelines on Regulation of Payment Aggregators and Payment Gateways. However, in November 2022, the R
Paytm (One 97 Communications Ltd), India's full-stack merchant payments leader serving MSMEs and enterprises, has launched a fully redesigned version of its flagship app, integrating artificial intelligence-driven features to streamline and personalise everyday transactions for its users. The update introduces a cleaner user interface alongside over 15 new features that seek to make payments faster and smarter for customers across the country, including Non-Resident Indians (NRIs) in 12 countries. One of the standout innovations is the launch of "Gold Coins," a first-of-its-kind initiative that rewards users with digital gold on every payment, adding a valuable savings dimension to regular transactions. The revamped app is built around AI, allowing it to understand spending patterns, automatically organise transactions, and provide personalised insights. Features such as the reimagined balance history with AI tags help users quickly gauge their total balance across UPI-linked bank
Fintech firm BharatPe on Thursday announced the appointment of Ajit Kumar as its Chief Technology Officer (CTO), effective October 23, 2025. He takes the chair from Pankaj Goel, who stepped down in May this year. Kumar brings in over 19 years of experience, most recently having served as Senior Vice President of Engineering at Paytm. In his new role, he will lead BharatPe's technology strategy and innovation agenda, the company said in a statement. "His proven experience in building scalable fintech platforms and his deep understanding of payments and UPI infrastructure will be instrumental as we continue to innovate and strengthen our technology stack," BharatPe CEO Nalin Negi said.