Paytm gets RBI nod for offline, cross-border payment aggregation
What's the story
Paytm Payments Services Limited (PPSL), a subsidiary of One 97 Communications Limited, has received authorization from the Reserve Bank of India (RBI) to act as a payment aggregator for offline payments and cross-border transactions. The approval allows PPSL to conduct cross-border payment aggregation for both inward and outward transactions. This comes after the RBI granted Paytm authorization to be an online payments aggregator on November 26, 2025.
License expansion
PPSL's comprehensive payment aggregator licenses
PPSL now has payment aggregator licenses across all major segments, allowing it to provide end-to-end payment aggregation services for online, offline, and cross-border use cases. The company is focused on long-term growth in both domestic and international payment acceptance. This development comes after a long wait as Paytm had applied for a payment aggregator license in November 2022 but was returned by the RBI.
License acquisition
Paytm's journey to secure payment aggregator license
After the initial rejection, Paytm reapplied for the payment aggregator license in September 2024. The company received in-principle approval from the regulator in August 2025, and has now been granted final authorization. With this approval, Paytm joins a select group of regulated players authorized to facilitate domestic and cross-border payments across online and offline merchant channels on a single compliant platform.
Financial outlook
Paytm's financial performance and market response
In Q2 FY26, Paytm reported revenue from operations of ₹2,061 crore, up from ₹1,659 crore in the same period last year. However, its net profit plummeted to ₹21 crore from ₹930 crore in Q2 FY25 due to the absence of a one-time gain in the base quarter and an impairment loss recorded in the latest quarter. Despite these fluctuations, Paytm has delivered over 49,000% returns on investment since its listing in 2021.