Paytm subsidiary expands payment aggregation services with new RBI authorization

On December 17, 2025, Paytm Payments Services Limited (PPSL), a wholly-owned subsidiary of One 97 Communications Limited, announced it received authorization from the Reserve Bank of India (RBI) to operate as a Payment Aggregator for physical (offline) payments and cross-border transactions (both inward and outward). This new authorization supplements PPSL’s existing approval for online payment aggregation, granted by the RBI on November 26, 2025.

This development enables PPSL to offer comprehensive end-to-end payment aggregation services across online, offline, and cross-border use cases. The authorization is issued under the Payment and Settlement Systems Act, 2007.

The company plans to launch PA-Cross Border (facilitating inward and outward transactions) services within six months from the date of the RBI letter, committing to inform the RBI about the commencement of these operations. This expansion is expected to support the company's long-term growth in domestic and international payment acceptance.