Paytm Payment Services has finally received a full online payment aggregator license from the Reserve Bank of India (RBI)
The Reserve Bank of India (RBI) has granted the company an official license as an online payments aggregator. With this approval, Paytm will not only be able to onboard new merchants but also strengthen its foothold in the overall digital payments ecosystem.
Paytm Payment Services, a subsidiary of One 97 Communications, received this license on 26th November. Previously, the RBI granted in-principle approval in August 2024. However, the story wasn’t so simple. In November 2022, the RBI returned Paytm’s file citing violations of FDI rules. The company subsequently obtained clearance from the Finance Ministry and addressed all deficiencies in August 2024. This approval is now considered a major turning point for the company.
Before receiving the approval, Paytm was unable to add new merchants and was only servicing existing merchants. But now, new merchants will be onboarded, the payment processing business will grow rapidly, and Paytm’s position in the digital payments market will be strengthened. This license is required for companies that provide services such as online payment collection, payment processing, and payment settlement.
The company reported a net profit of ₹21 crore for the September 2025 quarter, while revenue grew 24% to ₹2,061 crore. This result also speaks volumes about Paytm’s financial health.
