Paytm gets RBI's final approval to operate as payment aggregator
27 Nov 2025, 12:13 PMThe central bank's final approval comes as a huge regulatory relief to Paytm after its bid to get the PA license was rejected earlier.
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Paytm Payments Services Ltd has received the Reserve Bank of India's approval to function as a Payment Aggregator (PA), a huge regulatory relief for the company after its bid was rejected by the central bank earlier.
The Certificate of Authorisation to operate as a PA in India comes into effect from November 26, 2025, said Paytm in a stock market disclosure
The central bank had granted the in-principle approval to Paytm Payments Services to operate as a PA in August this year.
The fintech major had submitted a fresh application in September 2024 following the rejection of its earlier bid in November 2022, which was turned down over concerns related to foreign investment compliance.
The Head and Tale had previously reported that the company re-applied for the license in January after addressing RBI queries.
Paytm Payments Services -- which was barred from onboarding new merchants for over two years -- witnessed significant impact on its revenue. One of the concerns in the approval process had been the scrutiny over Chinese fintech giant Ant Group’s stake in Paytm.
Recently, Ant Group's Antfin, backed by Chinese giant Alibaba, offloaded its entire 5.84% stake in the fintech through a bulk deal worth about Rs 3,800 crore.
The company will use the PA authorization to bring new online merchants onto its platform, scale up payment transaction volumes, and drive revenue expansion.
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