Archive · 18 Dec 2025
Paytm Receives RBI Licence for Offline Payments
Paytm, a big company that helps people pay for things, just got permission from the government to handle payments in physical stores and for transactions between different countries.
This is in addition to the permission they already had to handle online payments.
Paytm says this will help them offer better services to shops and grow their business.
Some experts think Paytm is doing well and has good growth potential, but they also say there are some risks, like rules from the government that could affect their business.
One expert says the stock is a good buy, while another says to hold it for now.
The company's stock has had a tough time since its big launch, but it's starting to recover a bit.
Paytm's subsidiary PPSL received RBI licence for offline and cross-border payment aggregation.
This adds to the existing online payment aggregator licence received on November 26, 2025.
The licence enables Paytm to offer end-to-end payment services across all key segments.
Analysts note strong performance in Q2 with double-digit growth and AI-driven product enhancements.
Regulatory uncertainties and premium valuation are cited as near-term concerns.
- Who
- One 97 Communications Ltd (Paytm) and its subsidiary Paytm Payments Services Limited (PPSL)
- What
- Received RBI licence to operate as a payment aggregator for offline payments and cross-border transactions
- When
- December 17, 2025 (offline and cross-border), November 26, 2025 (online)
- Where
- India
- Why
- To offer end-to-end payment aggregation services across online, offline, and cross-border use cases, supporting long-term growth
Positive Outlook
Cautious Outlook
Stock Performance
Positive Outlook
Recent recoveries in stock price indicate potential for growth.
Cautious Outlook
Stock still trades 27.4% below IPO price, reflecting regulatory concerns.
- Company
- One 97 Communications Ltd (Paytm)
- Subsidiary
- Paytm Payments Services Limited (PPSL)
- Licence Received
- Offline payment aggregator and cross-border transactions
- Previous Licence
- Online payment aggregator (November 26, 2025)
- Analyst Rating
- HOLD (Geojit), Positive (ICICI Securities)
- Target Price
- Rs 1,481 (Geojit)
- Key Growth Areas
- AI-driven products, merchant ecosystem, financial products, MDRs
- Risks
- Regulatory uncertainties, premium valuation, loan growth impact
- IPO Issue
- ₹18,300 crore
- IPO Price
- ₹2,150
- Current Stock Price
- 27.4% below IPO price
Sources
Paytm shares in focus as RBI clears offline payment aggregator licence; key details
RBI clears Paytm arm PPSL as payment aggregator
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