Paytm gets RBI’s in-principle nod for online payment aggregator licence
The Reserve Bank of India (RBI) has given Paytm Payments Services Ltd (PPSL) an in-principle approval to operate as an online payment aggregator, the company’s parent One 97 Communications Ltd said in a stock exchange filing on Tuesday. Paytm will now be able to onboard new customers.
The authorisation, which applies only to online payment aggregator operations, as defined under RBI guidelines, paves the way for the company to expand its digital payments business.
