Synopsis: One 97 Communications jumped sharply after the RBI gave a green signal to PPSL, its subsidiary, to function as a Payment Aggregator for offline and cross-border transactions, apart from the online licence
The shares of this leading fintech company are in focus after the company received a key approval from the Central Bank of India that can significantly impact its business. In this article, we will delve further into the details.
With a market capitalisation of Rs 81,986 crore, the shares of One 97 Communications Ltd made a day high of Rs 1,285.50 per share, up by 2 percent from its day’s low price of Rs 1,256.05 per share. In the last one year, the stock has delivered a return of 27 percent, outperforming NIFTY 50’s return of 7 percent.
About the News
Paytm, through a stock exchange filing, announced that the Reserve Bank of India (RBI) has given a green signal to its fully owned subsidiary, Paytm Payments Services Limited (PPSL), to act as a Payment Aggregator for offline (physical) and cross-border transactions. The company got this green signal on December 17, 2025, and it is a supplement to the online payment aggregator licence that was granted in November 2025.
Paytm Payments Services Limited is required to abide by all the rules and directives issued by the Reserve Bank of India under the Payment and Settlement Systems Act, 2007. This includes requirements related to compliance, risk management, and incident reporting. Besides, the firm should offer cross-border payment services within half a year and notify the RBI about any such incidents, like cyber-attacks or system outages without delay.
PPSL is permitted to carry out online payments, in-store (offline) payments, and international transactions, including both inward and outward flows, with the help of this authorisation. To put it simply, Paytm is capable of providing comprehensive payment acceptance services to merchants throughout all the leading payment channels now.
A Payment Aggregator is a company that provides the necessary infrastructure for a merchant to accept digital payments. By holding this licence, GVP Infotech is enabled to handle domestic as well as international transactions across various payment modes online, offline (physical), and cards, wallets, and bank transfers, etc. To put it simply, the company will be in a position to supply the full range of payment facilities to firms.
Financial and Other Highlights
Paytm has reported an operating revenue of Rs 2,061 crore in Q2 FY26, representing a 24 percent growth compared to Rs 1,659 crore in Q2 FY25. Additionally, on a quarter-on-quarter basis, it grew by 7 percent from Rs 1,918 crore.
Regarding its profitability, it reported a net profit of Rs 21 crore in Q2 FY26, a staggering decline of 98 percent as compared to Rs 930 crore in Q2 FY25. Additionally, on a quarter-on-quarter basis, it declined by 83 percent from Rs 123 crore.
One 97 Communications Limited is a major digital payments and financial services company, which runs Paytm’s ecosystem in India, the UAE, Saudi Arabia, and Singapore. The company provides a variety of payment solutions such as online payment gateways, mobile recharges, bill payments, money transfers, and offline merchant payments via QR codes, Soundbox, and card machines.
In addition to payments, One 97 Communications offers consumer and merchant financial services through digital lending facilitation, insurance and mutual fund distribution, equity broking, credit card distribution, and wealth management. The company also provides commerce and marketing services such as ticketing, deals, gift vouchers, advertising solutions, and cloud-based technology platforms for lending, loan management, and collections. The firm was established in 2000 and is based in Noida, India.
Written by Satyajeet Mukherjee
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