New Delhi: The Reserve Bank of India (RBI) has authorised Paytm Payments Services Ltd (PPSL), a wholly owned subsidiary of One 97 Communications, to operate as a payment aggregator for offline (physical) and cross-border transactions, expanding the scope of its regulatory approvals.
The authorisation, granted on December 17, 2025, comes in addition to the online payment aggregator licence that PPSL received from the RBI in November, the company said in a regulatory filing on Tuesday.
With the latest clearance, PPSL now holds payment aggregator licences across online, offline and cross-border segments, enabling it to offer end-to-end payment aggregation services to merchants in India as well as for inward and outward cross-border transactions. The company said the approval strengthens its ability to deliver seamless payment solutions and supports its long-term growth in domestic and international payment acceptance.
The authorisation has been granted under the Payment and Settlement Systems Act, 2007, and is subject to compliance with RBI’s regulatory framework, operational conditions and reporting requirements. The central bank has also directed PPSL to commence cross-border payment aggregator services within six months from the date of the approval.
For Paytm, the expanded licence is a key regulatory milestone as it seeks to deepen merchant payments, diversify revenue streams and rebuild scale across its core payments business amid tighter regulatory scrutiny of fintech firms.