India, Aug. 13 -- Paytm Payments Services Limited (PPSL), a wholly-owned subsidiary of One 97 Communications Ltd (Paytm), has received in-principle authorisation from the Reserve Bank of India (RBI) to operate as an online payment aggregator under the Payment and Settlement Systems Act, 2007. The authorisation was communicated via an official RBI letter dated 12 August 2025 and disclosed through filings with the stock exchanges.

This development marks a significant milestone for Paytm, following the RBI's earlier rejection of PPSL's application for a payment aggregator licence in November 2022. At the time, the central bank had instructed the company to reapply in compliance with foreign direct investment (FDI) regulations. With this in-...