New Delhi: Paytm Payments Services has secured the Reserve Bank of India’s approval to operate as an online payment aggregator, parent firm One 97 Communications
— the owner of the Paytm brand — said in a stock exchange filing on Tuesday. The approval also lifts the restriction on Paytm Payments Services Limited (PPSL) from onboarding new merchants, a ban imposed on November 25, 2022. "Paytm Payments Services Limited (PPSL), a wholly-owned subsidiary of One 97 Communications Limited (OCL or the Company), for a Payment Aggregator (PA) licence. We would like to inform you that Reserve Bank of India (RBI) has granted 'in-principle' authorisation to PPSL vide its letter...dated August 12, 2025, to operate as an Online Payment Aggregator under the Payment and Settlement Systems Act, 2007," the filing stated. PPSL had first applied for the permit in March 2020, but the process was delayed due to compliance issues related to Foreign Direct Investment in the company. The licence comes less than two weeks after Chinese giant Alibaba Group fully exited One 97 Communications by selling its remaining stake.
