Paytm secures RBI’s in-principle nod for Payment Aggregator licence

Paytm Payments Services Limited (PPSL), a wholly-owned subsidiary of One 97 Communications Limited, 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.

This approval follows PPSL’s re-application for the licence in September 2024, after its earlier application was returned by the central bank in November 2022….