Paytm Stock Gains 2% After RBI Gives Final Nod To Payments Arm As Aggregator

Paytm Share Price: Shares of Paytm’s parent company, One 97 Communications, rose around 2 per cent in early trading on Thursday, November 27, following the announcement that its wholly-owned subsidiary

has received the Reserve Bank of India’s (RBI) final approval to operate as a payment aggregator. The stock was trading at Rs 1,309.1 apiece in morning deals.

RBI Approves PPSL to Resume Payment Aggregation Services

In a post-market filing on November 26, Paytm said the RBI had granted the Certificate of Authorization (COA) to Paytm Payments Services Limited (PPSL) under the Payment and Settlement Systems Act, 2007. This license allows PPSL to resume onboarding merchants, a process that had been frozen since November 2022. The move will enable the subsidiary to continue offering payment aggregation services, with growth in this segment reflected in the consolidated financials of One 97 Communications.

Brokerage Optimism Boosts Stock

Earlier on Wednesday, Paytm shares had surged nearly 4 per cent after ICICI Securities raised its target price while maintaining a ‘Buy’ rating. The brokerage lifted its target price from Rs 1,240 to Rs 1,450 per share, implying nearly 17 per cent upside from the stock’s November 25 closing price. ICICI Securities highlighted strong earnings potential driven by expansion in payments and loan distribution, margin improvement via product upgrades, and a better UPI mix. “Paytm’s initiatives in postpaid, wallet, and international segments, along with its broad presence in the payments ecosystem, could support net revenue of Rs 12,523 crore by FY28,” the brokerage said.

Paytm Share Price Performance

Despite recent gains, Paytm shares have slipped more than 0.5 per cent over the past month. However, the stock has rallied roughly 50 per cent in the past six months and is up over 30 percent so far in 2025. After hitting a 52-week low of Rs 651.50 on March 11, the stock surged 108 per cent to a 52-week high of Rs 1,353.80 on November 10, though it has corrected over 3 per cent since then.