RBI clears Paytm Payments Services to operate as online payment aggregator; lifts ban on new merchant onboarding
One 97 Communications said in a stock exchange filing on Tuesday that its wholly-owned subsidiary Paytm Payments Services Limited (PPSL), has received the RBI’s in-principle approval to operate as an online payment aggregator.
According to PTI, the RBI’s nod also lifts the restriction imposed in November 2022, that barred PPSL from onboarding new merchants. “We would like to inform you that RBI has granted ‘in-principle’ authorisation to PPSL, vide its letter dated August 12, 2025, to operate as an Online Payment Aggregator under the Payment and Settlement Systems Act, 2007,” the company stated.
