According to a regulatory filing, the Reserve Bank of India has authorized Paytm Payments Services Limited (PPSL), a fully owned subsidiary of One 97 Communications Limited, to function as a payment aggregator for offline or physical payments and international transactions.
Key Highlights
- Paytm Payments Services receives RBI authorisation to operate as a payment aggregator for offline and cross-border transactions.
- This expands Paytm’s payment capabilities across online, physical, and international use cases for merchants.
PPSL is now able to aggregate cross-border payments for both inward and outbound transactions thanks to the approval. In addition, the RBI authorized online payment aggregators last month.
PPSL now has payment aggregator approvals for online, offline, and cross-border segments thanks to this authorization. According to the company, the approval allows it to provide payment aggregation services to merchants for a variety of use cases.
The RBI rejected Paytm's prior application for a payment aggregator license in November 2022. The business reapplied in September 2024, and the regulator granted it in principle in August 2025. The final authorization has now been granted.
Paytm joins a select group of regulated companies that are permitted to facilitate both local and international payments through online and offline merchant channels on a single platform that complies with regulations. Other firms in this group include Razorpay, Easebuzz, PayU, Pine Labs, and Airpay.
Also Read: Paytm Enables UPI Payments for NRIs Across 12 Countries
In Q2 FY26, the company reported operating revenue of Rs 2,061 crore, up from Rs 1,659 crore in the same quarter last year. However, because there was no one-time gain in the base quarter and an impairment loss in the most recent quarter, its net profit dropped precipitously to Rs 21 crore from Rs 930 crore in Q2 FY25.
