Paytm Shares Jump 1.7% as PPSL Gets RBI Approval to Operate as Payment Aggregator

Paytm's parent company, One97 Communications Ltd, is back in the spotlight after its wholly owned subsidiary Paytm Payments Services Limited (PPSL) received the Reserve Bank of India's final approval to function as a payment aggregator.

Paytm shares opened 1.7% higher on Thursday morning following the RBI approval. At the time of writing, the Paytm share price is trading at Rs. 1,294.10, up 0.59% from the previous close. The stock has shown exceptional performance over the past six months, giving an impressive 49.34% return for investors.

"In exercise of the powers conferred upon the Reserve Bank of India by Section 7 of the Payment and Settlement Systems Act, 2007, Paytm Payments Services Limited is hereby granted a Certificate of Authorisation to operate as a 'Payment Aggregator' in India with effect from November 26, 2025, as per the guidelines issued by the Reserve Bank of India and subject to compliance with the terms and conditions given on the reverse of this Certificate," as mentioned in the RBI approval notice.

With the Certificate of Authorisation, PPSL can now legally enable digital transactions for thousands of online merchants, improving Paytm's competitive position against other payment service providers. The company said that the revenue and growth coming from this vertical will be reflected in Paytm's consolidated financial statements.

Paytm Q2 FY26 Results

On November 4, Paytm reported its Q2 FY26 results, quoting healthy numbers for the quarter. According to the official press release, the company posted a net profit of Rs. 211 crore before accounting for a one-time impairment charge of Rs. 190 crore related to a loan to its joint venture, First Games Technology Pvt. Ltd. After the adjustment, the reported profit after tax stood at Rs. 21 crore. Operating revenue surged 24% year-on-year to Rs. 2,061 crore because of strong growth in subscription merchants, higher Gross Merchandise Value (GMV) in payments, and expansion in financial services distribution. The company also recorded an EBITDA of Rs. 142 crore with a 7% margin.

In its recent report, Ventura Securities maintained a BUY rating on Paytm, setting a target price of Rs 2,074 over the next 24 months, quoting an upside potential of 84% from current market levels.

About Paytm

Paytm is an Indian multinational financial technology company specializing in digital payments and financial services. Founded in 2010 by Vijay Shekhar Sharma under its parent company One97 Communications Limited, Paytm is headquartered in Noida. The company started as a prepaid mobile and DTH recharge platform, it expanded over the years to offer a wide range of services including mobile wallets, UPI-based payments, bill payments, ticketing services, and financial products like microcredit, insurance, mutual funds, and wealth management. It currently has over 350 million registered users.

Paytm's parent company, One97 Communications Limited, went public on Indian stock exchanges in November 2021.

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