Paytm gets final RBI nod to operate as a payment aggregator

This marks a major regulatory development for Paytm and follows the in-principle approval granted by the banking regulator in August this year.

26 Nov 2025 21:54 IST

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Paytm Payments Services Limited has secured the Reserve Bank of India’s Certificate of Authorization to operate as a Payment Aggregator, according to the company’s stock exchange filing on November 26.

This marks a major regulatory development for Paytm and follows the in-principle approval granted by the banking regulator in August this year. Paytm Payments Services had reapplied for the licence in September 2024 after the central bank rejected its application in November 2022 due to issues related to foreign investment norms.

The in principle nod had allowed the company to complete system audits and other mandated processes before seeking the final approval.

The PA licence will allow Paytm to onboard new online merchants, expand payment volumes, and boost revenues.

Paytm’s revenue from operations increased to Rs 2,061 crore in Q2 FY26 from Rs 1,659 crore in Q2 FY25. Despite the top-line growth, its net profit nosedived 98% YoY to Rs 21 crore from Rs 930 crore a year ago, largely due to the absence of a one-time gain that boosted the base quarter and an impairment loss booked this time.

Paytm

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