Reserve Bank of India Grants Paytm Preliminary Wallet Approval

The Reserve Bank of India granted preliminary authorization on November 13, 2026, to Paytm Payments Services Limited to operate a payment system for issuing prepaid payment instruments, including digital wallets. This in-principle approval allows the company to begin the process of restarting wallet services, although final authorization from the central bank is required before the services can be offered to customers.

Paytm Payments Services Limited is a wholly owned subsidiary of One 97 Communications. The regulatory move follows a period of severe restrictions, including a two-year ban on fresh deposits and wallet top-ups. Earlier in 2026, the central bank canceled the banking license of Paytm Payments Bank due to supervisory concerns and regulatory non-compliance.

Following the announcement of the preliminary approval, shares of One 97 Communications reached a record high of ₹1,960.