Paytm Payments Services gets RBI nod for offline and cross-border payment aggregation

Fintech firm One 97 Communications Ltd, which owns the Paytm brand, said on Wednesday (December 17) that the Reserve Bank of India has authorised its wholly owned subsidiary, Paytm Payments Services Ltd, to operate as a Payment Aggregator for physical (offline) payments and cross-border transactions, covering both inward and outward flows.

The authorisation is in addition to the online Payment Aggregator approval that PPSL received from the RBI on November 26, 2025, under the Payment and Settlement Systems Act, 2007. With this latest approval, PPSL now holds Payment Aggregator licences across online, offline and cross-border segments.

The expanded authorisation enables PPSL to provide end-to-end payment aggregation services across multiple payment use cases. This includes facilitating seamless payment acceptance for merchants in domestic and international markets across digital, physical and cross-border channels.

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Last month, Paytm introduced a new in-app privacy feature called ‘Hide Payments,’ enabling users to move selected UPI transactions out of the main history view. The hidden transactions remain intact within a secured section of the app and can be accessed only after PIN or biometric verification.

The company said the feature was developed in response to user demand for greater discretion, particularly for those who share devices with family members or colleagues. Paytm added that it is currently the only UPI app offering such a capability.

Shares of One 97 Communications Ltd ended at ₹1,264.00, down by ₹17.40, or1.36%, on the BSE.

Also Read: Paytm shares in focus as RBI grants final approval for payment aggregator licence