Paytm stock hits all-time high after RBI wallet approval

New Delhi: Shares of One97 Communications on Friday, November 13, hit a record high after the firm said its wholly-owned subsidiary Paytm Payments Services Ltd (PPSL) has got in-principle authorisation from RBI to operate wallets.

The stock climbed 1.14 per cent to settle at Rs 1,945 on the BSE. During the day, it was up 1.85 per cent to Rs 1,958.80 — a record high.

At the NSE, the stock went up by 0.77 per cent to end at Rs 1,939.90. Intraday, it climbed 1.81 per cent to reach record peak of Rs 1,960.

The stock reclaimed the Rs 1,900 mark in about five years since its market debut on November 18, 2021 when shares had begun trading at Rs 1,955.

The company’s market valuation stood at Rs 1.24 lakh crore.

The stock has surged nearly 50 per cent so far this year.

In-principle authorisation has been granted by the Reserve Bank of India to PPSL for Prepaid Payment Instruments through a letter dated November 13, 2026, One97 Communications said in a regulatory filing.

Approval is subject to adherence to the RBI Master Directions on Prepaid Payment Instruments dated August 27, 2021, it said.

PPSL is advised to undertake a System Audit, including Cyber Security audit, to be conducted by a CERT-In empanelled auditor or a Certified Information Systems Auditor (CISA) registered with Information System Audit and Control Association (ISACA) or by a holder of a Diploma in Information System Audit (DISA)qualification of the Institute of Chartered Accountants of India (ICAI), it said.

The scope and coverage of the audit to be undertaken is contained in the Master Directions on CyberResilience and Digital Payment Security Controls for non-bank Payment System Operators dated November 5, 2026, it said.

“It may also be noted that PPSL can commence issuance of Prepaid Payment Instruments only after grant of Final Authorisation/Certificate of Authorisation,” it said.

Paytm launched its wallet business in 2014 and subsequently, in 2017, it transferred the business to Paytm Payments Bank with regulatory requirements.

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