Paytm shares jump to record high after getting early RBI approval for wallet licence

Paytm shares hit a record high of 1,960 rupees on Friday, November 13, 2026, after the central bank gave preliminary approval to its payments services unit.

Details

Paytm Payments Services will be able to offer prepaid payment instruments, including digital wallets, to customers once it gets the final approval from the Reserve Bank of India. The company shared this update in a filing.

Past Trouble

This new approval comes more than two years after the RBI stopped Paytm Payments Bank from taking fresh deposits and wallet top-ups due to persistent rule violations and supervisory worries. The central bank also cancelled the banking licence of Paytm Payments Bank earlier this year.

Context

This preliminary nod marks a key step for Paytm to restart its digital wallet business after facing major regulatory roadblocks in recent years. Digital wallets and prepaid payment instruments are widely used across India for everyday small-value digital payments.