Shares of fintech pioneer One 97 Communications Limited (Paytm) climbed to a fresh 52-week high of ₹1,958.80 during afternoon trade on Friday, November 13, 2026, after the Reserve Bank of India (RBI) granted long-awaited in-principle authorization to its wholly owned subsidiary, Paytm Payments Services Limited (PPSL), to revive its flagship digital wallet business. Defying a broader sell-off across Indian equity benchmarks that dragged the BSE Sensex down over 318 points, Paytm’s stock reversed early session losses to close 0.81 percent higher at ₹1,940.60 on the National Stock Exchange (NSE), extending its year-to-date rally to nearly 50 percent.
In a regulatory filing submitted to the exchanges on Friday afternoon, One 97 Communications confirmed that the RBI’s Department of Payment and Settlement Systems issued a formal letter dated November 13, 2026 (Ref. No. CO.DPSS.AUTH.No.S860/02.27.004/2026-27) under the Payment and Settlement Systems Act, 2007, permitting PPSL to set up and operate a payment system for issuing and operating Prepaid Payment Instruments (PPIs) across India. The milestone marks a pivotal regulatory turning point for the Noida-headquartered digital payments giant—and drew immediate attention from retail investors, merchants, and fintech ecosystem watchers across Noida, New Delhi, Mumbai, Bengaluru, Hyderabad, and Lucknow.
Why the RBI’s PPI Approval Is a Major Milestone for Paytm
For more than a decade after launching in 2014, the Paytm Wallet was synonymous with everyday digital transactions across Indian kirana stores, transit networks, and e-commerce platforms. However, the product was previously housed inside associate entity Paytm Payments Bank Limited (PPBL), which faced sweeping RBI business restrictions in early 2024 over persistent compliance lapses before having its banking license formally cancelled on April 24, 2026.
To rebuild its regulated payments stack cleanly under its parent corporate structure, One 97 Communications progressively shifted core licenses into wholly owned subsidiary Paytm Payments Services Limited (PPSL)—first securing final RBI authorization to operate as an online Payment Aggregator (PA) in November 2025, and disclosing in its Q1 FY27 earnings release that PPSL had formally applied for a standalone PPI wallet license.
Under RBI Master Directions on Prepaid Payment Instruments, PPSL cannot begin onboarding wallet users immediately. Within six months of Friday’s preliminary nod, the subsidiary must complete comprehensive system and cybersecurity audits and submit the compliance report to the central bank. Once the regulator grants the final Certificate of Authorisation, Paytm will once again be able to offer full-fledged prepaid wallets for consumer top-ups, merchant payments, online shopping, and peer-to-peer transfers.
Paytm Share Price Movement on November 13, 2026
Trading sentiment around the counter shifted dramatically once the exchange disclosure hit market terminals:
Previous Close: ₹1,923.05
Opening Price: ₹1,922.00 (opened marginally in the red amid broader market caution)
Intraday High (Fresh 52-Week High): ₹1,958.80
Closing Price: ₹1,940.60 (+0.81%, outperforming benchmark indices and reclaiming levels above ₹1,900 five years after its market debut)
Backed by Strong Fundamentals: Q2 FY27 Net Profit Jumps Over 10-Fold
Friday’s regulatory boost lands on the heels of a blockbuster financial scorecard for the September quarter (Q2 FY27), in which One 97 Communications delivered its sixth consecutive profitable quarter alongside expanding operating leverage:
| Financial Metric (Consolidated) | Q2 FY27 | Q2 FY26 | YoY Growth / Highlights |
|---|---|---|---|
| Operating Revenue | ₹2,648 Crore | ₹2,069 Crore | +28% YoY (+33% ex-PIDF incentives) |
| Profit After Tax (PAT) | ₹225 Crore | ₹21 Crore | +971% YoY (Over 10-fold rise) |
| EBITDA & Margin | ₹270 Crore (10%) | ₹142 Crore | +90% YoY (First double-digit EBITDA margin) |
| Payment Services Revenue | ₹1,434 Crore | ₹1,147 Crore | +25% YoY (Net payment revenue up 21% to ₹644 Cr) |
| H1 FY27 Net Profit | ₹445 Crore | ₹144 Crore | More than tripled YoY |
With monthly transacting users expanding by 1 crore year-on-year to 8.5 crore, AI-driven merchant monetization lifting margins into double digits, and the RBI’s in-principle wallet clearance paving the way for a flagship consumer product comeback, analysts view Friday’s approval as a key catalyst strengthening Paytm’s long-term ecosystem moat.
For a deeper look at the financial numbers powering Paytm’s recent stock rally, watch Paytm Q2 FY27 Results: PAT ₹225 Cr, Revenue Up 28% | Earnings Call LIVE, which breaks down the company’s revenue growth, double-digit EBITDA margin milestone, and consumer UPI market share gains ahead of Friday’s RBI wallet approval.