Paytm Payments Services Limited (PPSL), a wholly owned subsidiary of One 97 Communications Limited, has received authorisation from the Reserve Bank of India (RBI) to operate as a payment aggregator for physical or offline payments as well as cross-border transactions, according to a regulatory filing.
The approval enables PPSL to facilitate cross-border payment aggregation for both inward and outward remittances. This is in addition to the online payment aggregator licence granted by the RBI last month, allowing the company to offer end-to-end payment aggregation services across online, offline and international merchant touchpoints.
With the latest clearance, PPSL now holds RBI authorisations across all major payment aggregation segments. The company said this will help it serve a wider range of merchants by offering compliant, scalable payment solutions across multiple use cases, including in store, online and cross-border transactions, through a single integrated platform.
Paytm had first applied for a payment aggregator licence, which was returned by the central bank in November 2022. The fintech major reapplied in September 2024 and received in principle approval from the RBI in August 2025. The final authorisation marks an important regulatory milestone and strengthens Paytm’s position in India’s evolving digital payments ecosystem.
Following the approval, Paytm joins a small group of regulated payment companies authorised to support domestic and cross-border payments across both online and offline merchant channels. Other players in this category include Razorpay, Easebuzz, PayU, Pine Labs and Airpay.
On the financial front, Paytm reported revenue from operations of ₹2,061 crore in the second quarter of FY26, registering strong growth from ₹1,659 crore in the same period last year. However, net profit declined sharply to ₹21 crore from ₹930 crore in Q2 FY25, mainly due to the absence of a one-time gain in the base quarter and an impairment loss booked during the latest quarter.
The RBI approval is expected to enhance Paytm’s merchant offerings and support its long term growth in domestic and cross-border payments.
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