
Paytm Payments Services Ltd (PPSL), owned by One 97 Communications, has received final approval from the Reserve Bank of India to function as a payment aggregator.
The Certificate of Authorisation was issued on November 26, 2025, under the Payment and Settlement Systems Act, 2007, as per the reports. This comes a few months after Paytm received an in-principle clearance from the regulator.
The clearance lifts a restriction that had stopped Paytm from adding new merchants since November 2022. The bar was placed after the regulator sought clarity on foreign investment compliance. PPSL can now onboard merchants for online payments without any limitations, allowing its earlier halted services to continue.
A payment aggregator collects payments from customers on behalf of different merchants and then transfers the money to them. This removes the need for each business to set up separate payment systems with banks.
With the authorisation, PPSL can keep offering this service and broaden its digital payments reach. The company stated that the results of this unit will reflect in One 97 Communications’ consolidated financials.
On November 27, 2025, at 12:58 PM, One 97 Communications (Paytm) share price is trading at ₹1293, a 0.51% increase from the previous closing price.
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The approval gives Paytm full access to resume building its merchant network and expand online payment services that were partially restricted for three years. The RBI’s certificate confirms PPSL’s permission to operate as a payment aggregator.
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Published on: Nov 27, 2025, 1:50 PM IST

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