Paytm seeks RBI PPI licence, signalling potential return of its digital wallet
One97 Communications has applied for an RBI prepaid payment instrument licence through Paytm Payment Services. Approval could enable a Paytm Wallet relaunch after the Paytm Payments Bank shutdown, but the application remains pending with the regulator.
Paytm parent One97 Communications has applied through Paytm Payment Services for an RBI prepaid payment instrument licence, seeking to relaunch its digital wallet after Paytm Payments Bank’s licence cancellation.
Why this matters
The licence bid follows Paytm's earlier move to revive its digital wallet and comes as Q1 gains increased attention on AI monetisation and payments upside, while its shares fell 8% in seven sessions after Q1 FY27 results.
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