Paytm soars over 5% after RBI clears Paytm Payments Services to operate as online payment aggregator

Paytm share price: The permit comes days after the Chinese multinational company Alibaba Group exited One97 Communications Ltd after selling its entire stake. Paytm share price: Shares of One97 Communications Ltd, which operates the digital payment solutions application Paytm, rose on Wednesday, August 13, after its wholly-owned subsidiary Paytm Payments Services Limited (PPSL) received the Reserve Bank of India's approval to operate as an online payment aggregator. In an exchange filing on August 12, the company also informed that the central bank has withdrawn restrictions on Paytm Payments Services Ltd from onboarding new merchants. Paytm share price Shares of One97 Communications climbed 5.25% to ₹1,178.8 apiece on the National Stock Exchange (NSE) at 12:01 pm. "Paytm Payments Services Limited (PPSL), a wholly-owned subsidiary of One 97 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. As per the letter, the "in-principle authorisation" only covers online payment aggregator operations as defined under guidelines for Payment Aggregators (PAs) and Payment Gateways (PGs). "Transactions which do not fall under the ambit of the said guidelines, including 'pay-out' transactions undertaken on behalf of merchants, should not be routed through escrow account designated for PA operations," it added. The company had submitted an application for the permit in March 2020. Notably, the permit comes days after the Chinese multinational company Alibaba Group exited One97 Communications Ltd after selling its entire stake. TRENDING | These four IPOs of 2025 gained over 30% after listing at a discount The RBI has advised Paytm Payments Services to submit a system audit report within six months, "failing which the in-principle authorisation granted hereby shall lapse automatically and grant of final authorisation not considered thereafter." Meanwhile, One97 Communications had posted a consolidated net profit attributable to owners of the company at ₹122.5 crore in the first quarter of the financial year 2025-26. In the year-ago period, it had posted a net loss of ₹838.9 crore. The company's revenue from operations stood at ₹1,917.5 crore in Q1 FY26, up 27.69% from ₹1,501.6 crore in the same period of the previous year.