In-principle authorisation: Paytm gets RBI nod to operate as online payment aggregator ending onboarding freeze; shares hit 52-week high with 5% surge

Paytm Payments Services has received the Reserve Bank of India's approval to operate as an online payment aggregator. This lifts restrictions on onboarding new merchants, in place since November 2022. The company submitted its application in March 2020. The RBI has stipulated certain conditions, including a system audit and compliance with payment guidelines.