In a significant regulatory development, Paytm Payments Services Limited (PPSL), a wholly-owned subsidiary of One 97 Communications Limited, has secured a crucial authorisation from the Reserve Bank of India (RBI). The central bank has granted the company a licence to operate as a Payment Aggregator for both offline (physical) payments and cross-border transactions.
Regulatory Milestone for Paytm
According to an official exchange filing made on Wednesday, 17 December 2025, the RBI granted this authorisation to Paytm Payments Services. This move allows the company to facilitate both inward and outward cross-border payments and handle offline payment aggregation. The filing explicitly stated that the subsidiary of One 97 Communications is now authorised to operate in these two key segments.
Completing the Payments Puzzle
This authorisation marks a pivotal step for Paytm, coming shortly after the RBI granted it a licence to function as an online payment aggregator on 26 November 2025. With this latest approval, Paytm Payments Services now holds payment aggregator licences across all major segments. The company's portfolio is now comprehensive, enabling it to offer end-to-end payment aggregation services covering online, offline, and cross-border use cases.
This complete suite of licences positions Paytm strongly in the competitive digital payments market. The company has stated its focus is on achieving long-term growth in both domestic and international payment acceptance. By bridging the gap between online and offline commerce and facilitating global money movement, Paytm aims to solidify its role as a comprehensive financial services platform.
Implications for the Market and Users
The RBI's authorisation empowers Paytm to build a more robust merchant ecosystem. For businesses, this means a unified solution to accept payments through various channels—online stores, physical retail points, and from international customers. For consumers, it could translate into more seamless payment experiences, whether shopping at a local store or paying for services from overseas vendors.
The development is also being closely watched by stock market investors, as regulatory clearances are key drivers for fintech companies. The news pertains directly to One 97 Communications, the parent entity listed on the stock exchanges. While the filing did not comment on immediate financial impact, such licences are fundamental for scaling operations and revenue streams in the tightly regulated financial sector.
