Paytm Subsidiary PPSL Receives In-Principle RBI Approval for PPI License
Paytm's subsidiary, PPSL, received in-principle RBI approval for a Prepaid Payment Instrument (PPI) license on November 13, 2026. This allows PPSL to issue and operate payment systems for PPIs like wallets, subject to final authorization and adherence to RBI guidelines.
Securing an in-principle PPI license from the RBI is a major regulatory milestone that directly impacts the company's subsidiary's ability to offer core payment services, which is crucial for its business model and growth.
The in-principle authorization from the RBI for a critical license like a PPI is a significant positive development for the company's subsidiary, enabling future business expansion in payment services.
One 97 Communications Limited announced that its wholly-owned subsidiary, Paytm Payments Services Limited (PPSL), has received an in-principle authorization from the Reserve Bank of India (RBI) to operate a prepaid payment instrument (PPI) system in India. This letter, dated November 13, 2026, grants PPSL the ability to set up and operate payment systems for issuing and managing prepaid payment instruments, subject to adherence to RBI's Master Directions on Prepaid Payment Instruments.
Previously, the company had indicated in its Q1 FY2027 earnings release that PPSL had applied for this wallet license. Upon receiving the Final Authorization or Certificate of Authorization, PPSL will be able to offer services such as wallets to its customers. This disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the RBI letter is annexed to the disclosure. The information will also be available on the company's investor relations website.
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One 97 Communications Limited filed this with the NSE as a statutory disclosure, categorised under other regulatory filings. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by One 97 Communications Limited. Read the original for the full detail.