One 97 Communications’ arm gets RBI’s nod to operate as Payment Aggregator
The growth in such business will be reflected in the consolidated financials of the company
One 97 Communications’ wholly-owned subsidiary -- Paytm Payments Services (PPSL) has received Certificate of Authorization (COA) from Reserve Bank of India (RBI) to operate as a Payment Aggregator under the Payment and Settlement Systems Act, 2007. The growth in such business will be reflected in the consolidated financials of the company.
One 97 Communications is India's leading mobile payments and financial services distribution company. Pioneer of the mobile QR payments revolution in India, the company builds technologies that help small businesses with payments and commerce.
