Paytm gets RBI green light to aggregate payments—finally!
After a long wait, Paytm Payments Services (PPSL) just got the Reserve Bank of India's go-ahead to run as a payment aggregator for both offline and cross-border transactions.
This means Paytm can now offer merchants a single platform to handle payments across different channels—making things smoother for businesses and shoppers alike.
What's the big deal?
Paytm had to reapply for this license after getting rejected back in 2022, but persistence paid off.
Now, it joins big names like Razorpay and PayU in the regulated payment aggregator club.
The move enables Paytm to offer its services to more merchants, potentially increasing its presence in digital payments.
Even though their latest profit numbers dipped (thanks to some one-off losses), their revenue is still rising—so they're not slowing down anytime soon.