A QR code sticker of the digital payment app Paytm is seen outside a grocery store in Kolkata. (File photo)
| Photo Credit: SAHIBA CHAWDHARY
The Reserve Bank of India (RBI) has granted in-principle approval to Paytm Payments Services Ltd. (PPSL), a wholly-owned subsidiary of One 97 Communications Ltd. (OCL) a Payment Aggregator (PA) licence.
“We would like to inform you that Reserve Bank of India 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,” OCL said in a filing with exchanges.
The approval only covers online aggregator operations and does not extend to other payment activities outside the scope of RBI guidelines.
Published – August 12, 2025 09:42 pm IST