Paytm Set To Revive Wallet Business With RBI In-Principle Nod

by · Inc42

SUMMARY

  • Paytm's PPSL has received in-principle RBI authorisation to issue and operate prepaid payment instruments, including digital wallets
  • The approval brings Paytm closer to reviving its wallet business, which was disrupted by RBI restrictions on Paytm Payments Bank in 2024
  • PPSL must complete a system and cybersecurity audit within six months and secure final RBI authorisation before it can resume wallet operations