Acquisitions17 Dec 2025, 09:07 pm
Paytm Payments Services Limited Receives RBI Authorisation for Offline and Cross-Border Payments
AI Summary
Paytm Payments Services Limited, a wholly-owned subsidiary of One 97 Communications Limited, has received authorisation from the Reserve Bank of India (RBI) to operate as a Payment Aggregator for Physical (offline) payments and Cross-Border transactions (both inward and outward). This authorisation, in addition to the online Payment Aggregator authorisation already granted by RBI, enables PPSL to offer end-to-end payment aggregation services across online, offline and cross-border use cases. This move supports the Company’s long-term growth in domestic and international payment acceptance.
Key Highlights
- Paytm Payments Services Limited received authorisation from RBI to operate as a Payment Aggregator for offline and cross-border transactions.
- This authorisation adds to the existing online Payment Aggregator authorisation granted by RBI.
- PPSL can now offer end-to-end payment aggregation services across online, offline and cross-border use cases.
- This move supports the Company’s long-term growth in domestic and international payment acceptance.
- RBI has put in place an Incident Reporting Mechanism for Authorised Payment System Providers, and PPSL is advised to launch the PA- Cross Border services within six months from the date of the letter.