Paytm Jumps on RBI Nod for Payment Aggregator Licence

Paytm’s parent One97 Communications rose up to 6% after RBI granted its arm PPSL in-principle approval to operate as an online payment aggregator, ending a 20-month onboarding freeze. The approval requires a system and cybersecurity audit within six months. The news follows Paytm’s first-ever June-quarter profit of ₹123 crore.