New Delhi, Aug. 13 -- The Reserve Bank of India (RBI) has given Paytm Payments Services Ltd (PPSL) an in-principle approval to operate as an online payment aggregator, the company's parent One 97 Communications Ltd said in a stock exchange filing on Tuesday. Paytm will now be able to onboard new customers.

The authorisation, which applies only to online payment aggregator operations, as defined under RBI guidelines, paves the way for the company to expand its digital payments business.

"Merchant onboarding restrictions placed on Paytm Payments Services Limited (PPSL) vide letter . dated November 25, 2022, stand withdrawn from the date of this letter," the filing stated.

Also read: Paytm share price rallies 5% after RBI gives nod to ope...