{
  "id": 19792931,
  "title": "Paytm gets RBI's in-principle nod to revive wallet business through new subsidiary",
  "url": "https://urgent.news/2026/11/13/paytm-gets-rbis-in-principle-nod-to-revive-wallet-business-through",
  "topic": "business",
  "section": "Business",
  "published": "2026-11-13T10:20:14.000Z",
  "source": {
    "name": "YourStory",
    "slug": "yourstory",
    "url": "https://yourstory.com/2026/11/paytm-gets-rbis-in-principle-nod-to-revive-wallet-business-through-new-subsidiary"
  },
  "original_language": "en",
  "account": "Paytm Payments Services Limited, a wholly-owned subsidiary of One 97 Communications, has received the Reserve Bank of India's in-principle authorization to establish and operate a payment system for prepaid payment instruments, which include digital wallets. The approval, granted by the RBI's Department of Payment and Settlement Systems under the Payment and Settlement Systems Act of 2007, was communicated to the exchanges on Friday, following Paytm's December 31, 2025 application. The approval is contingent on adherence to the RBI's Master Directions on Prepaid Payment Instruments, updated periodically. The nod, however, is preliminary, as PPSL must obtain the final authorization and complete a system audit, including a cybersecurity audit, from an authorized auditor. The audit must be submitted to the RBI within six months, or the in-principle approval will expire automatically. Any alterations in PPSL's ownership would necessitate prior RBI approval. This authorization follows the cancellation of Paytm's prepaid wallet licence in 2024 due to non-compliance with licensing conditions. The company has indicated that the wallet licence would broaden its consumer payments offerings. Paytm's stock experienced fluctuations post the announcement, closing at Rs 1,931.30 on the NSE, marking a 0.33% increase from the previous close.",
  "summary": "Paytm’s subsidiary PPSL has received the RBI’s in-principle approval to issue prepaid instruments such as wallets, but it must submit a system audit report within six months.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}