Paytm Payments Services gets RBI nod to function as payment aggregator

Fintech firm One 97 Communications Ltd, which owns the Paytm brand, on Wednesday (November 26) said the Reserve Bank of India (RBI) has granted a Certificate of Authorisation to Paytm Payments Services Ltd to operate as a Payment Aggregator under the Payment and Settlement Systems Act, 2007.

The company said the approval follows its earlier disclosure dated August 12, 2025. Paytm Payments Services Ltd is a wholly-owned subsidiary of One 97 Communications. The approval has relevance for the listed entity as growth in the Payment Aggregator business will be reflected in the consolidated financials of One 97 Communications.

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The company had applied for the permit in March 2020, but the approval was stuck due to certain compliance issues related to Foreign Direct Investment in the company. The permit comes within a fortnight of the Chinese firm Alibaba Group exiting One97 Communications after selling the entire stake.

Shares of One 97 Communications Ltd ended at ₹1,288.00, up by ₹46.60, or 3.75%, on the BSE.

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