New Delhi, Nov. 27 -- The Reserve Bank of India has granted final authorisation to Paytm Payments Services Limited (PPSL) to operate as a payment aggregator, a regulatory green light that lets the One97 Communications unit onboard merchants, run online checkout and manage point-of-sale infrastructure. The Certificate of Authorisation, issued November 26, 2025, closes a three-month regulatory loop that began with an in-principle approval in August.

Beyond a compliance checkbox, the licence is strategically significant for Paytm. It consolidates the company's payments stack under a regulated entity, potentially lowers processing costs, and accelerates merchant onboarding - all credible levers to rebuild revenue and market trust after a per...