- On 26 November 2025, RBI granted a Certificate of Authorisation (CoA) to Paytm Payments Services Limited (PPSL), allowing it to operate as an online Payment Aggregator ¶ under the Payment and Settlement Systems Act, 2007.
- With this licence, Paytm can now onboard new online merchants, process payments for them, and offer its full payment-gateway stack — something that had been on hold since restrictions were imposed in November 2022.
What’s Changing / What This Means
- Merchants using Paytm (websites, apps, small businesses) will get seamless payment processing.
- Paytm’s payments ecosystem (wallets, UPI, PoS, sound-box) gets stronger backing under full regulatory approval.
- For users — this could mean smoother checkouts, more payment options across merchants, and potentially new wallet or card-based promos/discounts via Paytm gateway.
- For Paytm, this reopening could boost revenues: merchant fees, payment-gateway commissions, and associated financial services.
What to Watch
- The approval currently applies to online payment aggregation — need to see when/if offline (PoS, QR-scan) operations expand.
- Merchant onboarding and user experience will be gradual — full benefits may take a few weeks or months to materialize.
- As always with payment platforms: keep an eye on security, charges (MDR, convenience fees), and how Paytm handles refunds/disputes.