Paytm gets RBI's in-principle nod to revive wallet business through new subsidiary

Published 13 Nov 2026, 15:50 IST

What's behind this

Paytm Payments Services Limited, a wholly‑owned subsidiary of One 97 Communications, has received an in‑principle approval from the Reserve Bank of India to set up and operate a payment system for issuing prepaid payment instruments such as wallets. The nod comes more than two years after the RBI barred Paytm Payments Bank from accepting fresh deposits and wallet top‑ups and earlier this year cancelled its banking licence. The subsidiary must submit a system‑audit report within six months. Following the announcement, Paytm’s shares rose to a 52‑week high in late trading on Friday.

AI-generated overview from 5 outlets. It summarises their reporting and adds no reporting of its own.

RSS excerpt

Paytm’s subsidiary PPSL has received the RBI’s in-principle approval to issue prepaid instruments such as wallets, but it must submit a system audit report within six months.

Coverage arrived over 21 hours. First from The Times of India, latest from The Hindu.

High Corroboration 8 news outlets reporting

How this event was covered

First reported by The Times of India at 13:48 UTC on 12 Nov.

Everything here arrived on one day, and nothing since.

Across 2 desks: business, india.

Compare all reporting outlets (8)

The Economic Times Bennett, Coleman & Co. 13 Nov 2026, 15:09 IST

Paytm gets RBI preliminary nod for pre-paid instruments, including wallet

Paytm's payments unit on Friday received initial approval from the RBI to run a system for issuing prepaid payment instruments, including digital wallets. The news pushed Paytm's shares to a record high of Rs 1,960.

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12 minutes later
The Indian Express Indian Express Group 13 Nov 2026, 15:22 IST

Paytm gets RBI preliminary nod for wallet, other pre-paid instruments

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5 minutes later
The Times of India Bennett, Coleman & Co. 13 Nov 2026, 15:27 IST

Paytm gets RBI prelim nod 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…

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6 minutes later
India TV Independent News Service 13 Nov 2026, 15:34 IST

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

Shares of Paytm hit a 52-week high in the late trading session on Friday after Paytm Payments Services Limited (PPSL), a wholly owned subsidiary of One 97 Communications Limited, received an in-principle to set up and operate a payment system for the issuance and operation of Prepaid Payment…

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10 minutes later
Hindustan Times HT Media 13 Nov 2026, 15:44 IST

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.

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5 minutes later
YourStory YourStory Media Current article 13 Nov 2026, 15:50 IST

Paytm gets RBI's in-principle nod to revive wallet business through new subsidiary

Paytm’s subsidiary PPSL has received the RBI’s in-principle approval to issue prepaid instruments such as wallets, but it must submit a system audit report within six months.

Read at YourStory ↗
4 minutes later
The Hindu BusinessLine The Hindu Group (Kasturi & Sons) 13 Nov 2026, 15:54 IST

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

The approval comes ⁠more than two years after the RBI barred Paytm ‌Payments Bank from accepting fresh deposits and wallet top-ups

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41 minutes later
The Hindu Kasturi & Sons Ltd. 13 Nov 2026, 16:36 IST

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

Paytm Payments Services ‌will ⁠be able to ⁠offer prepaid payment instruments, including wallets, to customers after receiving the central bank’s final ‌authorisation, says company

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