Shares of One 97 Communications Limited, trading under the NSE ticker PAYTM, soared to hit its 52-week high on Wednesday after the Reserve Bank of India granted its unit Paytm Payments Services “in-principle” authorisation to operate as an online payment aggregator.
This nod from the RBI meant that Paytm would now be able to onboard new customers, something the apex bank had barred the service from in November 2022. Once Paytm gets the payment aggregator licence, it would enable the fintech firm to collect and settle payments on behalf of businesses and merchants.
The stock saw major activity in volumes on the bourse, with PAYTM shares jumping by 5.98 per cent to as high as Rs 1,187 during the day—becoming one among the top gainers on the Nifty Midcap 150. Close to Rs 2,220 crore worth of stock (more than 1.90 crore shares) changed hands by afternoon in the NSE alone.
PAYTM stock settled for the day at Rs 1,155 apiece, up 3.13 per cent.
RBI nod for Paytm
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Paytm parent One 97, in a regulatory filing on Tuesday night, shared the RBI order dated August 12 2025, which stated: “The Reserve Bank of India (RBI) hereby grants an ‘in-principle’ authorisation to Paytm Payments Services Limited (PPSL) to operate as an online Payment Aggregator, subject to adherence to the Guidelines on Regulation of Payment Aggregators and Payment Gateways dated March 17 2020 and the clarifications issued by RBI regarding the aforementioned guidelines on March 31 2021.”
“Merchant onboarding restrictions placed on Paytm Payments Services Limited (PPSL) [via the order] dated November 25 2022, stand withdrawn from the date of this letter,” read the filing.
Paytm has been waiting for regulatory approval for the past nine months, ever since it reapplied for the payment aggregator licence last September. During this time, PayU, Zaakpay (by MobiKwik), et al. received their licences.
Ever since Alibaba Group-backed Antfin expanded its stake in Paytm, FDI norms kicked in, making it more difficult for the One 97 unit to get approvals. However, recently, Antfin’s share in Paytm was cut down to under 10 per cent.
Sensex, Nifty recover
Equity benchmark indices Sensex and Nifty recovered from Tuesday losses to settle higher on Wednesday. At market close on August 13, the 30-pack BSE Sensex was up 0.38 per cent or 304.32 points higher at 80,539.91 while the NSE Nifty 50 settled 0.54 per cent higher, gaining 131.95 points to reach 24,619.35 at end of trading.