One 97 Communications shares surge 2% after PPSL gets RBI nod as payment aggregator for offline, cross-border transactions

The approval is in addition to the authorisation for Online Payment Aggregation already granted by the central bank to PPSL last month.

“The Reserve Bank of India (RBI) on December 17, 2025, has authorised Paytm Payments Services Limited (PPSL), a wholly-owned subsidiary of One 97 Communications Limited, to operate as a Payment Aggregator for Physical (offline) payments and Cross-Border transactions (both inward and outward), in addition to the online Payment Aggregator authorisation already granted by RBI on November 26, 2025, under the Payment and Settlement Systems Act, 2007,” Paytm said in a regulatory filing.

With the new licence, PPSL now holds Payment Aggregator authorisations across online, offline, and cross-border segment use cases, enabling end-to-end payment aggregation services for merchants.

In November 2020, PPSL applied for a licence with the RBI to operate as a payment aggregator under the guidelines on Regulation of Payment Aggregators and Payment Gateways.

However, in November 2022, the RBI rejected PPSL's application and asked the company to resubmit it so as to comply with Press Note 3 under FDI rules.

Subsequently, the company filed the required application on December 14, 2022, with the Government of India for the past downward investment from OCL (One97 Communications Ltd) into the company in order to comply with Press Note 3 prescribed under FDI guidelines.

Paytm share price

At 1:20 PM, shares of Paytm parent One 97 Communications were trading at ₹1,293.80 apiece on NSE, rising 1.99%.

The stock has gained 1% in the last five trading sessions, while it has zoomed 45% in six months. Since the beginning of 2025, Paytm shares have soared 31%. The firm has a market capitalisation of ₹82,705.22 crore.

Shares of the company had touched their one-year high of ₹1,381.80 apiece on December 2, 2025, while their 52-week low of ₹651.50 was hit on March 11, 2025.

Paytm Q2 earnings

During the quarter, Paytm's operating revenue rose 24% year-on-year (YoY) to ₹2,061 crore, driven by continued growth in its payments and financial services businesses.

The company reported a profit after tax (PAT) of ₹211 crore, before a one-time charge for full impairment of a ₹190 crore loan to our JV, First Games Technology Pvt Ltd.

Reported PAT stood at ₹21 crore. The result marks a significant improvement from the previous quarter, underscoring Paytm’s progress towards sustainable profitability.

EBITDA improved to ₹142 crore, with a 7% margin, on account of revenue growth and operating leverage.

Contribution profit grew 35% YoY to ₹1,207 crore, with a healthy 59% margin, driven by higher net payment margins and an increased share of financial services revenue.

Paytm’s payment services revenue rose 25% YoY to ₹1,223 crore, while net payment revenue increased 28% to ₹594 crore.