Paytm shares up 3% after RBI nod to operate as online payment aggregator

Shares of One97 Communications Ltd, owner of the Paytm brand, ended 3 per cent 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 Rs 1,154.30, up 3.07 per cent on the BSE. During the day, it surged 5.94 per cent to hit the 52-week high of Rs 1,186.50. On the NSE, the stock went up by 2.82 per cent to Rs 1,151.60. Intra-day, it jumped 5.98 per cent to Rs 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.