New Launch12 Aug 2025, 08:58 pm
Paytm Payments Services Limited Receives In-Principle Authorisation as Online Payment Aggregator
AI Summary
Paytm Payments Services Limited (PPSL), a wholly-owned subsidiary of One 97 Communications Limited, has received an ‘in-principle’ authorisation from the Reserve Bank of India (RBI) to operate as an Online Payment Aggregator under the Payment and Settlement Systems Act, 2007. This authorisation is subject to adherence to the Guidelines on Regulation of Payment Aggregators and Payment Gateways dated March 17, 2020, and the clarifications issued by the RBI from time to time.
Key Highlights
- Paytm Payments Services Limited (PPSL) has received in-principle authorisation from the Reserve Bank of India (RBI) to operate as an Online Payment Aggregator.
- This authorisation is subject to adherence to the Guidelines on Regulation of Payment Aggregators and Payment Gateways dated March 17, 2020, and the clarifications issued by the RBI from time to time.
- PPSL is advised to undertake a System Audit, including a Cyber Security audit, to be conducted by a CERT-In empanelled auditor or a Certified Information Systems Auditor (CISA) registered with Information System Audit and Control Association (ISACA) or by a holder of a Diploma in Information System Audit (DISA) qualification of the Institute of Chartered Accountants of India (ICAl).
- The System Audit Report should be submitted to RBI within six months from the date of this letter, failing which the in-principle authorisation granted hereby shall lapse automatically.
- Merchant onboarding restrictions placed on Paytm Payments Services Limited (PPSL) have been withdrawn from the date of this letter.