The Indian Fintech Giant Paytm has received long-awaited approval from the country’s central bank to operate as a payment service provider for online traders-a few days after one of the Chinese investors of the whole share of the share of the share of the share of the share of a basic registration and a basic regulatory discovery.
On Tuesday, Reserve Bank of India (RBI) granted “within authority” approval to PayTM’s payment services unit to function as an electronic payment accumulator, the parent company One97 Communications said in IT deposit (PDF) on Indian stock markets. Approval comes more than two years after Fintech based in Noida Initially refused The license in November 2022 Due to non -compliance With India’s rules to take investment from countries sharing land borders.
Without permission, Paytm was banned by boarding new electronic traders. At that time, the company stated that the restriction had no “substantial impact” on business or income. However, at its annual General Assembly last September, the founder and chief executive of One97 Communications Vijay Shekhar Sharma stated his intention To re -apply for the paying license.
Approval also comes for more than a year after the ban on RBI Paytm Payments Bank from accepting fresh deposits and credit trading. Paytm has overcome the impact with a rapidly shifting tools and working with Axis, HDFC, India State Bank and the YES bank to make them serve as consumers’ payment providers for consumers and traders involved in electronic transactions and automatic computer orders.
With the new license, Paytm can Acts as a service provider For internet traders, allowing them to accept a series of payment methods, including cards, net banking and Unified Payments backed by the Indian Government (UPI). The approval also lifts the online trade restrictions imposed by the Central Bank in 2022.
Approval comes just a week after China’s Ants Group came out Paytm by selling the remaining 5.8% direct share in one97 communications for 454 million $ through block agreements. This follows a previous exit in 2023, when Ant Financial sold a share of 10.3%-worth $ 628 million in Sharma in a cashless deal.
Paytm is obliged to undertake a “system control”, including cyber revision and submit its report to Reserve Bank of India within six months. If it does not do so, the approval will be delivered, according to the RBI letter enclosed by the company’s stock market deposit. The license is also limited to internet payment services and does not extend beyond this scope.
TechCrunch event
Francisco
|
27-29 October 2025
The latest development will help control PayTM most of its value chain, from offline audio boxes to the internet portal and reduce its dependence on other bank partners, Fintech investor Osborne Saldanha said in Techcrunch.
Paytm is today the Tuesday most used UPI payment platformBehind the Walmart Phonepe and Google Pay. Fintech represented 6.9% of 18.4 billion UPI UPI transactions in June and 5.6% of the value of the transaction, according to the National Payment Company in India (NPCI). Overall, PayTM processed $ 1.27 billion worth $ worth 1.34 trillion (about $ 15 billion).
Although Paytm Trails Phonepe and Google Pay on the UPI market – with the twin handling over 82% of all UPI transactions in June – the company offers a wide range of businesses and services to attract both consumers and traders. These include out -of -connection merchants payment solutions with integrated mattresses of hardware, software and services, as well as a growing credit and lending business.
Remuneration referenced (PDF) net income of $ 1.23 billion (about $ 14 million) for the first quarter of the financial year 2026, expiring in June – a recovery from a loss during the same period last year. The results beat expectations, as analysts had predicted a loss of $ 1.27 billion (about $ 14.5 million). Revenue increased by 28% annually to $ 224 million, while the company’s levy margin improved to 60%, from 50% a year ago.
In addition to its recent economic growth, PayTM’s shares increased by 13.25% on a year of 2025, marking that the company is starting to regain market confidence after more than a year of regulatory failures. The stock closed at ₹ 1,118.50 (about $ 13) on Wednesday, shortly before the approval of the regulations was announced.
We always try to evolve and by providing some image of your perspective and feedback on TechCrunch and our coverage and events, you can help us! Complete this survey to let us know how we are doing and to get the chance to win a prize in return!
