PPSL Received RBI Nod for Offline and Cross-Border Payments
In December 2025, the Reserve Bank of India (RBI) has authorized Paytm Payments Services Limited (PPSL), a wholly-owned subsidiary of One 97 Communications Limited, to operate as a Payment Aggregator (PA) for offline (physical) payments and cross-border transactions, both inward and outward.
In December 2025, the Reserve Bank of India (RBI) has authorized Paytm Payments Services Limited (PPSL), a wholly-owned subsidiary of One 97 Communications Limited, to operate as a Payment Aggregator (PA) for offline (physical) payments and cross-border transactions, both inward and outward.
- What? Authorisation for offline and cross-border payments
- Entity: Paytm Payments Services Limited (PPSL)
- By whom? RBI
- Scope: End-to-end payment aggregation services across online, offline, and cross-border segments.
About Authorization:
Payments Services: PPSL can now facilitate physical transactions via Point-of-Sale (PoS) devices and aggregate inward and outward cross-border payments under Foreign Exchange Management Act, 1999 (FEMA).
Comprehensive Licence: With previous online PA approval, PPSL now holds licenses across online, offline, and cross-border segments, enabling end-to-end payment services.
Compliance: PPSL must launch cross-border services within six months, adhere to transaction caps and net worth requirements, and report unusual incidents within six hours.
Impact: The authorization supports domestic and international growth, allows direct management of merchant infrastructure, and reduces reliance on third-party aggregators.
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