Paytm gets RBI’s preliminary nod for digital wallets
In short
Paytm has got preliminary approval from the RBI to issue digital wallets through its subsidiary PPSL. It still needs a system and cybersecurity audit and final permission before wallet services can start again.
Users can only add money and pay again after the remaining checks are done.
What the reporting says
Paytm has received preliminary RBI approval to issue digital wallets through its subsidiary PPSL, Mint Companies reported. The company still needs a system and cybersecurity audit and final authorisation before wallet services can restart for customers. The update points to a step forward for Paytm’s payments business, but the restart depends on further regulatory clearance and compliance work.
Why it matters
Paytm’s wallet business has moved closer to a restart after preliminary RBI approval for issuance through PPSL. The company must finish a system and cybersecurity audit and then obtain final authorisation before services resume. That places compliance and regulatory clearance at the center of the near-term outlook for Paytm’s digital payments operations.