Paytm Gets Preliminary RBI Nod for Wallet Licence; Shares Hit Record High

India's Paytm gets preliminary RBI nod for wallet licence; shares hit record high

Paytm gets RBI nod for digital wallet business: When can users add money and make payments through Paytm Wallet again?

Paytm has received preliminary RBI approval to issue digital wallets through its subsidiary PPSL. The company must complete a system and cybersecurity audit and obtain final authorisation before restarting its wallet services for customers.

Paytm gets preliminary RBI nod for wallet licence; shares hit record high

Earlier, this year the RBI cancelled the banking licence issued to Paytm Payments Bank.

Paytm shares hit 52-week after receiving RBI's in-principle approval to revive wallet business

Paytm Payments Services Limited had mentioned in its Q1 FY2027 earnings release that PPSL has applied for a wallet license. After receiving final authorisation or a certificate of authorisation, it can offer prepaid instruments, such as wallets, to its customers.

Paytm gets RBI prelim authorisation to operate wallets; shares surge to 52-week high

Paytm's payment segment has secured initial approval from the Reserve Bank of India for its prepaid payment instruments. This milestone has propelled One 97 Communications' stock to soar past the Rs 1,900 mark, reflecting strong market performance. Analysts predict robust revenue growth stemming from the enhanced merchant discount rate framework for UPI transactions, with global brokerage Bernstein naming Paytm as a leading growth prospect in fi…

Paytm's wallet business gets a fresh lease of life with RBI nod

The development marks progress in the company's efforts to secure regulatory clearance for its wallet business.