One 97 Communications Limited , the parent company of Paytm, has announced a significant restructuring move to comply with new regulatory guidelines. The company's board of directors has approved the transfer of its offline merchant payments business to Paytm Payments Services Limited (PPSL), a wholly-owned subsidiary.

Key Details of the Transfer

• Business Being Transferred: Offline Merchants Payment Business, which includes services through QR, soundbox, and EDC machine payments.
• Completion Deadline: December 31, 2025
• Transfer Method: Slump sale on a going concern basis
• Shareholder Approval: Required

Financial Implications

Rationale and Impact

The transfer is being undertaken to comply with the Reserve Bank of India's Master Directions on Regulation of Payment Aggregators dated September 15, 2025. This move will consolidate the group's online and offline merchant payments businesses under PPSL, which has in-principle approval from RBI to carry out Payment Aggregator Online (PA-O) business.

Key Points to Note

1. The transfer will not impact One 97 Communications' financials on a consolidated basis as PPSL is a wholly-owned subsidiary.
2. The consideration for the transfer will be based on the book value of assets and liabilities as of the effective date of transfer.
3. The transaction is considered a related party transaction but is being carried out at book value as part of an internal restructuring.

Regulatory Compliance

The company emphasized that this restructuring is aimed at ensuring all payment aggregation activities are housed within one regulated entity, in line with RBI guidelines. This is expected to build efficiency and synergy within the group.

Looking Ahead

As One 97 Communications adapts to evolving regulatory requirements in the fintech space, this strategic move underscores the company's commitment to compliance and operational efficiency. The completion of this transfer, subject to necessary approvals, marks a significant step in Paytm's corporate structure and regulatory compliance efforts.

One 97 Communications , operating the popular Paytm platform, one of India's leading digital payment services, has announced a significant redesign of its mobile application. The revamp, spearheaded by founder Vijay Shekhar Sharma, aims to streamline the user experience and prioritize core payment services.

Key Features of the Redesign

• New Interface: The app now sports a clean, white-themed interface, designed to enhance user navigation and reduce clutter.
• Prioritized Services: Core functionalities such as UPI transfers and bill payments have been given prominence in the new layout.
• Quick Access: Frequently used features, including UPI transfers, credit card bill reminders, and investment options, are now more easily accessible.

User Feedback

The redesign has elicited mixed responses from Paytm users:

Suggested Improvements

Users have proposed several enhancements to further improve the app's functionality:

1. Customizable sections for most-used features
2. Better prioritization of transaction functions

Strategic Implications

This app revamp represents a strategic move by Paytm to:

1. Rebuild consumer confidence
2. Streamline services
3. Address recent challenges, including restrictions imposed by the Reserve Bank of India on its payments bank operations

As Paytm continues to evolve its digital payment ecosystem, this redesign marks a significant step in its efforts to enhance user experience and maintain its position in India's competitive fintech landscape.