Paytm Receives RBI In-Principle Approval for Wallet Licence

PAYTM Paytm's parent company, One 97 Communications, announced on November 13, 2026, that its wholly owned subsidiary, Paytm Payments Services Limited (PPSL), has received in-principle authorisation from the Reserve Bank of India (RBI) to issue and operate Prepaid Payment Instruments (PPIs), including digital wallets. The development marks an important step towards reviving Paytm's wallet business, which was previously affected by regulatory restrictions on Paytm Payments Bank. The authorisation is subject to RBI's applicable regulatory requirements, and PPSL will be able to launch wallet services only after receiving final authorisation or a Certificate of Authorisation. The approval could allow Paytm to independently operate its prepaid payment services and explore opportunities such as digital wallets and prepaid cards. The development is expected to strengthen its payments ecosystem and expand its financial services offerings. Separately, Paytm reported strong Q2 FY27 results, with operating revenue increasing 28% year-on-year to ₹2,648 crore and profit after tax reaching ₹225 crore, compared with ₹21 crore in the corresponding quarter last year. EBITDA rose 90% to ₹270 crore, while the company continued to expand its merchant and consumer businesses. Investors will closely monitor the final RBI approval, wallet business relaunch and the company's ability to sustain revenue growth and profitability.