Paytm gets RBI preliminary nod for pre-paid instruments, including wallet

Paytm's payments unit on Friday received initial approval from the RBI to run a system for issuing prepaid payment instruments, including digital wallets. The news pushed Paytm's shares to a record high of Rs 1,960.

By Reuters | Updated: Nov 13, 2026, 04.05 PM IST

BENGALURU: India's Paytm on Friday received preliminary central bank approval for its payments services unit to issue prepaid payment products, including digital wallets, sending its shares to a record high of 1,960 rupees.

Paytm Payments Services will be able to offer prepaid payment instruments, including wallets, to customers after receiving the central bank's final authorisation, the company said in a filing.

The unit can offer these services to customers after receiving the RBI's final authorisation.

The approval comes more than two years after the RBI barred Paytm Payments Bank from accepting fresh deposits and wallet top-ups over persistent regulatory non-compliance and supervisory concerns, effectively halting its normal wallet operations.

Earlier, this year the RBI cancelled the banking licence issued to Paytm Payments Bank.

The latest approval allows Paytm's wholly owned subsidiary to move towards restarting wallet services.

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