Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
An announcement from One 97 Communications Ltd. ( (IN:PAYTM) ) is now available.
Paytm Payments Services Limited, a wholly-owned subsidiary of One 97 Communications Ltd., has received authorization from the Reserve Bank of India (RBI) to act as a Payment Aggregator for offline and cross-border transactions, in addition to its earlier approval for online payment aggregation. This expanded authorization positions PPSL as a comprehensive payment aggregation provider across key segments, enhancing its service offering for merchants and contributing to a seamless, end-to-end payment experience. The move signifies a strategic growth initiative, strengthening the company’s domestic and international payment acceptance capabilities while potentially reinforcing its market positioning.
More about One 97 Communications Ltd.
One 97 Communications Ltd. is a prominent player in the digital payments and financial technology sector in India, operating through its subsidiary Paytm Payments Services Limited (PPSL). The company provides payment aggregation services and focuses on facilitating seamless online, offline, and cross-border payments for merchants and consumers.
Average Trading Volume: 150,262
Technical Sentiment Signal: Buy
Current Market Cap: 818.6B INR
For detailed information about PAYTM stock, go to TipRanks’ Stock Analysis page.