India's Paytm gets preliminary RBI nod for wallet licence; shares hit record high
Paytm has received preliminary approval from the Reserve Bank of India to resume issuing prepaid payment instruments, including digital wallets. This follows a two-year regulatory suspension due to compliance issues that previously led to the cancellation of its banking license.
Why it matters
This approval marks a significant recovery milestone for Paytm, potentially restoring its core business operations and boosting investor confidence in the Indian fintech sector.
BENGALURU India’s Paytm on Friday (November 13, 2026) received preliminary central bank approval for its payments services unit to issue prepaid payment products, including digital wallets, sending its shares to a record high of 1,960 rupees. Paytm Payments Services will be able to offer prepaid payment instruments, including wallets, to customers after receiving the central bank’s final authorisation, the company said in a filing.
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