The Reserve Bank of India in August granted in-principle approval to Paytm Payments Services Limited to operate as an online payment aggregator.
“…Reserve Bank of India has granted a Certificate of Authorization (COA) to Paytm Payments Services Limited (PPSL) on November 26, 2025… to operate as a payment aggregator under the Payment and Settlement Systems Act, 2007,” One97 Communications said in a regulatory filing.
The banking regulator had also lifted Paytm Payments Services Limited’s restrictions on onboarding new merchants, which had been imposed on the company on November 25, 2022.
In November 2020, PPSL applied for a license from the Reserve Bank of India (RBI) to operate as a payment aggregator under the Guidelines for the Regulation of Payment Aggregators and Payment Gateways.
However, in November 2022, the RBI rejected PPSL’s application and asked the company to resubmit it, to comply with Press Note 3 under the FDI Rules.
Subsequently, on December 14, 2022, the company submitted the required application to the Government of India for OCL’s (One97 Communications Ltd) earlier down investment in the company to comply with Press Note 3 prescribed under FDI Guidelines.
Published on November 27, 2025
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