Debasis Mohapatra
Bengaluru, 24 April 2026
One97 Communications Ltd, the promoter of Paytm, said that the company has no exposure to Payment Payments Bank Ltd (PPBL), whose license was cancelled by the Reserve Bank of India on Friday.
“As previously disclosed on March 1, 2024, the Company does not have any exposure to PPBL or any material business arrangements with PPBL. No services provided by the company are in partnership with PPBL. Additionally, PPBL operates independently, with no board or management involvement from the company,” the One97 Communications Ltd said in an exchange filing.
It said that there is no material impact on Paytm’s operations as the company had already divested its stake in PPBL as of March 2024.
“As informed earlier, Paytm (One 97 Communications Limited) and its services, which have been operating without interruption, will continue to operate uninterrupted. These include the Paytm app, Paytm UPI, Paytm Gold and all other services offered by its subsidiaries and associated companies such as Paytm QR, Paytm Soundbox, Paytm card machines, and Paytm Payment Gateway, Paytm Money among others,” the company added in the exchange filing.
