One 97 Communications , the parent company of digital payments platform Paytm, has received regulatory approval for its subsidiary to establish two Wholly Owned Subsidiary Services (WOSS) in Indonesia and Luxembourg. This development represents a significant milestone in the company's international expansion efforts.

Regulatory Approval Details

The approval allows One 97 Communications' subsidiary to establish operational entities in both Indonesia and Luxembourg, providing a foundation for expanded business activities in these markets. The WOSS structure will enable the company to maintain full control over its operations while complying with local regulatory requirements.

Strategic Market Expansion

The establishment of WOSS in Indonesia and Luxembourg positions One 97 Communications to tap into diverse market opportunities. Indonesia represents one of Southeast Asia's largest economies with a growing digital payments sector, while Luxembourg offers strategic advantages as a European financial hub.

Business Implications

This regulatory approval enables the fintech company to:

• Establish direct operational presence in two key international markets
• Maintain full ownership and control over subsidiary operations
• Comply with local regulatory frameworks while expanding services
• Strengthen its global business infrastructure

The WOSS structure provides operational flexibility while ensuring adherence to regulatory requirements in both jurisdictions, supporting One 97 Communications' broader international growth strategy.

One 97 Communications announced that its wholly-owned subsidiary, Paytm Payments Services Limited (PPSL), has received comprehensive authorization from the Reserve Bank of India (RBI) to operate as a Payment Aggregator across all key segments. This development marks a crucial step in the company's payment services expansion strategy.

RBI Authorization Details

PPSL received the following authorizations from RBI:

The latest authorization for Physical (offline) payments and Cross-Border transactions complements the previously granted online Payment Aggregator authorization.

Comprehensive Payment Services Portfolio

With these authorizations, PPSL now holds Payment Aggregator licenses across all key segments. This comprehensive licensing framework enables the subsidiary to offer end-to-end payment aggregation services for online, offline, and cross-border use cases. The authorization positions the company to deliver seamless payment experiences for merchants while supporting growth in both domestic and international payment acceptance.

Regulatory Compliance and Requirements

The RBI authorization comes with specific terms and conditions detailed in the Certificate of Authorization (CoA) No. 258/2025 dated November 26, 2025. Key compliance requirements include:

The payment system operations must comply with provisions of the Payment and Settlement Systems Act, 2007, along with associated regulations, directions, and guidelines issued by RBI.

Strategic Business Impact

The comprehensive authorization enables PPSL to operate across the complete spectrum of payment aggregation services. This regulatory approval supports the company's strategic objectives in expanding payment acceptance capabilities and strengthening its position in the digital payments ecosystem.

Disclosure and Documentation

One 97 Communications filed this disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. A copy of the RBI authorization letter has been annexed to the disclosure, and the information is being hosted on the company's investor relations website at https://irpaytm.com/ .