Paytm has received an expanded regulatory approval from the Reserve Bank of India (RBI), strengthening its position in India’s payment aggregation ecosystem.
In a regulatory filing dated December 17, 2025, One 97 Communications Limited informed that the RBI has authorised its wholly owned subsidiary, Paytm Payments Services Limited (PPSL), to operate as a Payment Aggregator for physical (offline) payments and cross-border transactions, covering both inward and outward flows. This approval is in addition to the online Payment Aggregator authorisation that was granted earlier on November 26, 2025, under the Payment and Settlement Systems Act, 2007.
With this latest authorisation, PPSL now holds Payment Aggregator licences across all major segments, including online payments, offline merchant transactions, and cross-border payment processing. This allows the company to provide end-to-end payment aggregation services to merchants across multiple use cases, ranging from in-store digital payments to international transaction acceptance.
The approval enables PPSL to support merchants with a unified payment infrastructure across domestic and international channels, while remaining within the regulatory framework prescribed by the RBI. The company stated that the expanded licence aligns with its long-term plans to support payment acceptance across different formats and geographies.
