Paytm gets final nod from RBI to operate as a payment aggregator

PPSL, a subsidiary of One 97 Communications, has received RBI's final authorisation to operate as a payment aggregator, enabling unrestricted merchant onboarding after earlier curbs were lifted

Paytm Payments Services Limited (PPSL), a wholly owned subsidiary of One 97 Communications, received the final nod from the Reserve Bank of India (RBI) to operate as a payment aggregator about three months after the company received the regulator’s in-principle approval.

 

The licence allows PPSL to onboard merchants, facilitating online transactions for them.

 

The approval also comes at a time when the company is focused on growing its payments business.

 

“... we would like to inform you that Reserve Bank of India (‘RBI’) on November 26, 2025 has granted Certificate of Authorisation (‘COA’) to Paytm Payments Services Limited (PPSL), a