Shares of One97 Communications Ltd., the parent company of digital payments giant Paytm, surged to a 52-week high on Wednesday, August 13.
The rally came after the Reserve Bank of India (RBI) granted its subsidiary, Paytm Payments Services Ltd., in-principle authorisation to operate as an Online Payment Aggregator.
This approval marks a significant regulatory milestone for Paytm, boosting investor sentiment and driving strong market momentum.
Major Regulatory Clearance: Payment Aggregator License:
Paytm’s arm, Paytm Payments Services Ltd. (PPSL), has received in-principle RBI approval to operate as an Online Payment Aggregator.
The nod allows Paytm to resume onboarding new online merchants, paused since November 2022.RBI has lifted merchant onboarding restrictions effective immediately.Approval comes with conditions — Paytm must complete a system and cybersecurity audit within six months.
Non-compliance will lead to the provisional license being voided.This marks a major relief, removing a key regulatory hurdle to scaling Paytm’s payments business.
Stock Market Response and Financial Highlights:
- Paytm shares hit a new 52-week high of ₹1,136
- The stock has risen about 15% in the last month and nearly 50% in the last six months
- Revenue from operations rose 28% year-on-year to ₹1,918 crore;
- Exit of Chinese Shareholders,lending to embrace an asset-light and risk-free model
- RBI “in-principle” greenlight for PPSL as a Payment Aggregator
One 97 Communications, the parent company of fintech platform Paytm, has reported its first-ever quarterly profit in Q1FY26.