Archive · 22 Jul 2026
Paytm Seeks RBI PPI Licence to Relaunch Wallet
Paytm, a popular digital payments company in India, is trying to bring back its digital wallet service.
The company has applied for a special licence from the Reserve Bank of India (RBI) to do this.
Earlier this year, the RBI cancelled the licence of Paytm's bank because of some problems.
Now, Paytm wants to offer its wallet service again to give people more ways to pay.
This could help Paytm grow and offer more services to its users.
The company has also been doing well financially, with a big increase in profits and revenue.
Paytm's parent company, One97 Communications, has applied for a PPI licence to relaunch its digital wallet service.
The RBI cancelled Paytm Payments Bank's licence in April 2026 due to compliance and governance concerns.
Paytm aims to restore its payments ecosystem and offer a complete range of payment options to consumers.
The company has been doing well financially, with a 79% increase in net profit and a 28% increase in revenue for Q2 2026.
A fresh PPI licence would allow Paytm to reduce its reliance on external banking partners for wallet services.
- Who
- One97 Communications (Paytm) and the Reserve Bank of India (RBI)
- What
- Paytm has applied for a PPI licence to relaunch its digital wallet services.
- When
- The application was disclosed in the June quarter investor presentation.
- Where
- India
- Why
- To restore its payments ecosystem and offer a complete range of payment options to consumers.
Pro-Relaunch
Regulatory Concerns
Business Expansion
Pro-Relaunch
Paytm aims to restore its payments ecosystem and offer a complete range of payment options to consumers.
Regulatory Concerns
The RBI has previously raised compliance and governance concerns about Paytm's operations.
- Company
- One97 Communications (Paytm)
- Subsidiary
- Paytm Payments Services Ltd (PPSL)
- Licence Applied For
- Prepaid Payment Instrument (PPI) Licence
- RBI Action
- Cancelled Paytm Payments Bank licence in April 2026
- Financial Performance
- 79% increase in net profit, 28% increase in revenue for Q2 2026