Finance
Potter HeadPPSL's Enchanted License: Unleashing Payment Sorcery!
In the enchanted realm of finance, the valiant sorcerers at Paytm Payments Services Limited (PPSL) have been bestowed with a magical license by the Reserve Bank of India! This wondrous spell, granted on December 17, 2025, allows them to conjure seamless offline and cross-border transactions, transforming the payment landscape for merchants and their enchanted patrons.
few days ago | Press Trust of India
Quick rundown
1.Paytm Payments Services gets RBI nod for offline and cross-border payments.
2.PPSL now authorized for end-to-end payment aggregation services.
3.RBI initially rejected PPSL's application in 2022.
4.PPSL complied with FDI guidelines before reapplying.
5.PPSL's new license expands its payment aggregation capabilities.
