Paytm Payments Services received RBI’s in-principle nod to operate as an online payment aggregator under the Payment and Settlement Systems Act, 2007.
The approval lifts the November 2022 restriction on onboarding new merchants.
One97 Communications’ shares rose 3.07% to ₹1,154.30 on the BSE, hitting a 52-week high of ₹1,186.50 intraday.
Shares of One97 Communications Ltd, owner of the Paytm brand, ended 3% higher on Wednesday as Paytm Payments Services has received the Reserve Bank of India's nod to operate as an online payment aggregator.
The stock ended at ₹1,154.30, up 3.07% on the BSE. During the day, it surged 5.94% to hit the 52-week high of ₹1,186.50.
On the NSE, the stock went up by 2.82% to ₹1,151.60. Intra-day, it jumped 5.98% to ₹1,187 -- the 52-week peak.
In volume terms, 12.30 lakh shares of the firm were traded on the BSE and 189.79 lakh shares exchanged hands on the NSE during the day.
Paytm Payments Services has received the Reserve Bank of India's nod to operate as an online payment aggregator, its parent firm and Paytm brand owner One97 Communications said in a filing on Tuesday.
The move also removes restriction on Paytm Payments Services Limited from onboarding new merchants, which was imposed on the company on November 25, 2022.
"Paytm Payments Services Limited (PPSL), a wholly-owned subsidiary of One97 Communications Limited (OCL or the Company), for a Payment Aggregator (PA) licence. We would like to inform you that Reserve Bank of India (RBI) has granted 'in-principle' authorisation to PPSL vide its letter...dated August 12, 2025, to operate as an Online Payment Aggregator under the Payment and Settlement Systems Act, 2007," the filing said.
The company had applied for the permit in March 2020 but the approval was stuck due to certain compliance issues related to Foreign Direct Investment in the company.
