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22h ago

RBI Grants Paytm In-Principle Approval to Resume Online Payment Aggregation

The nod lifts a two-and-a-half-year merchant onboarding ban, requiring PPSL to fulfill the RBI’s 2020 payment-aggregator guidelines within six months.

Paytm
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Paytm shares in focus today: PPSL gets RBI PA licence, merchant curbs lifted

Overview

  • The RBI’s August 12, 2025 in-principle approval under the Payment and Settlement Systems Act, 2007 covers only online payment aggregation as defined by the regulator’s March 2020 guidelines.
  • Restrictions imposed in November 2022 that barred PPSL from onboarding new online merchants have been formally withdrawn.
  • PPSL must complete a system audit, including a cyber-security review by a CERT-In or CISA-certified auditor, and submit the report within six months or risk lapse of the authorisation.
  • After a 2024 curtailment of Paytm Payments Bank operations, the company cut costs through AI-driven efficiency measures, shed non-core assets and delivered its first quarterly net profit, prompting analyst upgrades and a rebound in its share price.
  • Full operational normalisation hinges on PPSL satisfying pending compliance steps and any further RBI clarifications before final authorisation is granted.