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India's Paytm Payments Services gets central bank nod to operate as online payment aggregator
- Paytm Payments Services Limited has received the Reserve Bank of India's in-principle approval to operate as an online payment aggregator on August 12, 2025.
- The Reserve Bank of India's approval removes a November 2022 restriction that prevented Paytm Payments Services Limited from onboarding new merchants.
- PPSL, which applied in March 2020, faced delays due to compliance issues related to foreign direct investment in the company.
- The Reserve Bank of India stipulates that Paytm Payments Services Limited must conduct a comprehensive system audit and adhere to specific guidelines; failure to do so will cause the authorization to lapse.
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Paytm gets RBI nod to operate as online payment aggregator
New Delhi: Paytm Payments Services has received the Reserve Bank of India’s nod to operate as an online payment aggregator, its parent firm and Paytm brand owner One 97 Communications said in a filing on Tuesday. The move also removes restriction on Paytm Payments Services Limited from onboarding new merchants which was imposed on the company on November 25, 2022. “Paytm Payments Services Limited (PPSL), a wholly-owned subsidiary of One 97 Commu…
India's Paytm Payments Services gets central bank nod to operate as online payment aggregator
BENGALURU :Indian fintech firm Paytm on Tuesday said its unit Paytm Payments Services has got 'in-principle' approval from the country's central bank to operate as an online payment aggregator.
·Singapore
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Total News Sources16
Leaning Left2Leaning Right2Center2Last UpdatedBias Distribution33% Left, 33% Center, 33% Right
Bias Distribution
- 33% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
33% Right
L 33%
C 33%
R 33%
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