Archive · 13 Aug 2025
Paytm Gets RBI Approval: Analyst Sees Stock Rise
Imagine Paytm, a company that helps people pay for things online.
They had to stop signing up new stores to use their service for a while.
Now, the government has given them a thumbs up, which means they can start adding new stores again!
This has made experts think the company's value will go up.
Paytm had to fix some things to get this approval, like how they handle money from other countries.
The company is also doing well financially, and this new approval should help them grow even more and be a leader in the digital payments space.
Paytm Payments Services Ltd. (PPSL) received in-principle approval from RBI to operate as an online payment aggregator.
This approval lifts the ban on onboarding new merchants, in place since November 2022.
JM Financial reiterated a 'Buy' rating on Paytm stock, setting a target price of Rs 1,320 for June 2026.
The approval followed PPSL's reapplication in September 2024, addressing compliance gaps.
The approval could lead to Paytm wallet regulatory approval and boost investor confidence.
- Who
- RBI and Paytm Payments Services Ltd.
- What
- Paytm Payments Services Ltd. (PPSL) received approval to operate as an online payment aggregator.
- When
- The approval was recently granted.
- Where
- N/A
- Why
- To comply with regulations and expand its merchant base.
JM Financial
N/A
Regulatory Approval Impact
JM Financial
RBI's approval enhances probability of Paytm Wallet regulatory approval.
N/A
N/A
- Approval Granted To
- Paytm Payments Services Ltd. (PPSL)
- Regulatory Body
- Reserve Bank of India (RBI)
- Stock Rating
- Buy
- Target Price
- Rs 1,320 for June 2026
- Ban Lifted
- On onboarding new merchants