Paytm Share Price Today: Stock Rises 5% as RBI Approves Paytm Payments Services for Online Payment Aggregator Licence
- 13th August 2025
- 12:00:00 PM
- 3 min read
Mumbai, August 13 – Shares of One97 Communications Ltd, the operator of Paytm, rallied over 5% in Wednesday’s trade after the Reserve Bank of India (RBI) granted its wholly-owned unit, Paytm Payments Services Ltd (PPSL), in-principle approval to function as an online payment aggregator.
The stock touched ₹1,176 on the National Stock Exchange by 9:20 am, extending a strong upward trend that has seen it gain nearly 20% over the past month and more than 130% in the last year.
Regulatory nod lifts sentiment
The RBI’s clearance allows PPSL to facilitate merchant transactions under the Payment and Settlement Systems Act, 2007, in line with guidelines for Payment Aggregators (PAs) and Payment Gateways (PGs) issued in March 2021.
The central bank has also withdrawn earlier curbs that prevented the unit from onboarding new merchants — a restriction that had weighed on its payments business for more than a year.
However, the approval is conditional. PPSL must submit a system and cybersecurity audit within six months, conducted by a CERT-In empanelled auditor or a certified professional with CISA or DISA credentials. Any delay will cause the authorisation to lapse automatically.
Transactions outside the scope of PA guidelines, such as merchant payouts, must not be routed through the aggregator escrow account. The RBI has also stipulated that changes to the company’s shareholding or ownership require prior approval.
Also Read: Sawaliya Foods Products IPO Allotment Today: Check Status Now
Long-pending approval
PPSL had applied for the licence in March 2020. The clearance comes shortly after Chinese e-commerce major Alibaba Group completed its exit from One97 Communications, selling its remaining stake.
The move aligns with the RBI’s push to tighten oversight of payment intermediaries, ensuring data localisation and stronger cyber resilience across the digital payments ecosystem.
Paytm has outperformed broader indices over the past year, driven by improving financial performance and a gradual easing of regulatory pressure.
In the June quarter (Q1 FY26), the company reported a net profit of ₹122.5 crore, reversing a loss of ₹838.9 crore a year earlier. Revenue from operations rose 27.7% to ₹1,917.5 crore, led by growth in merchant payments, financial services, and subscription-based device sales.
The RBI nod addresses a key overhang and could bolster merchant acquisition volumes, improving monetisation in its payments segment. With the new authorisation, Paytm will compete more directly with licensed payment aggregators such as Razorpay, PhonePe, and Pine Labs.
The Indian digital payments market is projected to grow at a double-digit compound annual rate, supported by rising merchant acceptance, UPI expansion, and increasing online commerce penetration. Holding a valid payment aggregator licence is now viewed as critical to scaling operations in this space.
Also Read: Four Best IPOs of 2025 : All Soared Over 30% After Listing, Here’s Why Investors Are Buzzing
Next steps
The focus now shifts to PPSL meeting the RBI’s compliance conditions, particularly the mandated audit. A successful clearance will pave the way for final authorisation, securing Paytm’s ability to expand its payments infrastructure without regulatory uncertainty.
For investors, the development could sustain the stock’s positive momentum, especially if merchant onboarding accelerates and revenue traction in the payments business strengthens in the coming quarters.
PL Capital
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
