Paytm Payment Gateway

Paytm is the payments brand of One 97 Communications, the Noida company led by founder Vijay Shekhar Sharma, which launched Paytm in 2010 and listed on Indian stock exchanges in November 2021. The name covers two things merchants should keep apart: a consumer app that people use to pay by UPI and QR code, and a payment gateway sold to businesses by the subsidiary Paytm Payments Services Limited (PPSL).

For shoppers, Paytm is now mainly a UPI app. The group's own bank, Paytm Payments Bank, was barred by the RBI from taking deposits and wallet top-ups from March 2024 and had its licence cancelled in April 2026, so Paytm UPI handles run through partner banks, with Yes Bank leading, under NPCI's third-party app rules. Old Paytm Wallet balances can be spent or withdrawn but not topped up. When a checkout offers Paytm, the customer is usually approving a UPI payment in the Paytm app.

The gateway accepts Visa, Mastercard, RuPay, American Express and Diners Club cards, UPI including AutoPay mandates, net banking with more than 50 banks, and card EMI. Merchants can integrate through the All-in-One SDK for apps, a JavaScript checkout, or plug-ins for Shopify, WooCommerce and Magento. The standard plan costs 1.99% plus 18% GST per transaction with no setup or annual maintenance fee, and settlement is next day by default, with same-day and on-demand options.

Licensing has been the sticking point. Paytm applied to be a payment aggregator in 2020, the RBI returned the application in 2022 over foreign-investment rules, and onboarding of new online merchants stalled for close to three years. PPSL received its online aggregator authorisation on 26 November 2025, followed on 17 December by approval for offline and cross-border payments. Some of Paytm's developer pages still list Payments Bank options, so confirm which methods are live for your account.