{
  "id": 19795928,
  "title": "India's Paytm gets preliminary RBI nod for wallet licence; shares hit record high",
  "url": "https://urgent.news/2026/11/13/indias-paytm-gets-preliminary-rbi-nod-for-wallet-licence-shares-hit",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-13T11:06:08.000Z",
  "source": {
    "name": "The Hindu",
    "slug": "the-hindu",
    "url": "https://www.thehindu.com/news/national/indias-paytm-gets-preliminary-rbi-nod-for-wallet-licence-shares-hit-record-high/article71697554.ece"
  },
  "original_language": "en",
  "account": "On November 13, 2026, India's Paytm secured preliminary approval from the Reserve Bank of India (RBI) for its payments services unit to issue prepaid payment products, including digital wallets. This development has caused Paytm's shares to reach a record high of 1,960 rupees. The approval allows Paytm Payments Services to offer prepaid payment instruments, including wallets, to customers once the RBI provides its final authorization. The unit has been waiting for this authorization for over two years, following the RBI's decision to halt Paytm Payments Bank's normal wallet operations due to persistent regulatory non-compliance and supervisory concerns. Earlier this year, the RBI also canceled the banking license issued to Paytm Payments Bank. This recent approval enables Paytm's wholly-owned subsidiary to potentially resume wallet services, subject to meeting the RBI's terms and conditions.",
  "summary": "Paytm Payments Services will be able to offer prepaid payment instruments, including wallets, to customers after receiving the central bank’s final authorisation, says company",
  "key_points": [
    "Paytm received preliminary RBI nod for wallet licence on November 13, 2026",
    "Shares hit record high of 1,960 rupees following approval",
    "Approval allows Paytm Payments Services to offer prepaid payment instruments"
  ],
  "editors_take": "Securing this preliminary approval marks a vital path toward restoring lost revenue streams and regulatory standing for Paytm after years of supervisory restrictions on its previous banking operations.",
  "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."
}