Paytm Payments Services Limited (PPSL), a wholly-owned subsidiary of One 97 Communications Limited, has received authorization from the Reserve Bank of India (RBI) to operate as a Payment Aggregator for both Physical (offline) payments and Cross-Border transactions (inward and outward). This authorization, granted on December 17, 2025, supplements the earlier online Payment Aggregator authorization received on November 26, 2025, under the Payment and Settlement Systems Act, 2007. With this comprehensive license, PPSL can now offer end-to-end payment aggregation services across online, offline, and cross-border use cases. This expansion is expected to enable seamless payment experiences for merchants and support the company's long-term growth in both domestic and international payment acceptance. The RBI letter also outlines conditions for operation, including adherence to the Payment and Settlement Systems Act, 2007, and its associated regulations. PPSL is advised to report any unusual incidents and has been given six months from the date of the letter to launch its Cross-Border services.
