Paytm Share Price: One 97 Communications, the parent company of Paytm, announced on Wednesday that its wholly owned subsidiary, Paytm Payments Services, has received the Payment Aggregator (PA) licence from the Reserve Bank of India (RBI).
The RBI granted the certificate of authorisation on November 26, allowing Paytm to officially operate as an online payment aggregator.
This development follows the in-principle approval received in August 2024, which came after a long period of uncertainty for the company.
Why Is It Important For Paytm?
Paytm said in a stock exchange filing that the licence will enhance its capabilities as a merchant payment processor and enable it to onboard new merchants—a key driver for its payments business.
Earlier, in November 2022, Paytm’s application faced a setback when the central bank returned it due to non-compliance with foreign direct investment (FDI) norms.
For nearly two years, Paytm Payments Services was unable to add new merchants and was allowed to service only existing ones.
The breakthrough came in August 2024, when the Union finance ministry granted the necessary approvals, clearing the path for the RBI’s final authorisation.
With this licence now secured, Paytm joins a list of leading digital payment players authorised to operate in the payment aggregator space.
However, many of its competitors, including Cashfree, Pine Labs, PayU and Razorpay, already hold a wider set of licences covering offline, online, and cross-border payment aggregation.
Paytm currently holds the PA-Online licence, which specifically covers online merchant transactions.
Paytm Futures Target
The development has brought fresh attention to the Paytm stock and its derivatives. Traders are also keeping a close watch on the stock’s near-term levels. Market expert and Zee Business Managing Editor Anil Singhvi has suggested a trading strategy for Paytm Futures, recommending:
Buy Paytm Futures with a stop loss at Rs 1,275 and targets at Rs 1,310, Rs 1,325 and Rs 1,337. With the licence approval now in place, short-term momentum could continue as the market reacts positively to the regulatory green signal.
Paytm Share Price Today
One 97 Communications Ltd (Paytm) is currently trading at Rs 1,287, up 0.05 per cent from the previous close. The stock has a 52-week high of Rs 1,352.05 and a 52-week low of Rs 652.30, reflecting strong recovery over the year.
With a full market cap of Rs 82,586 crore, the company is part of the BSE 500 index and operates in the Fintech segment. During today’s session, the stock opened at Rs 1,312.05, touched a high of the same level, and hit a low of Rs 1,283.10.
Over the short term, the stock is almost flat with a 0.12 per cent gain in the past week, while it dipped 1.59 per cent over the last month.
However, Paytm has delivered strong medium- to long-term performance, rising 48.28 per cent in six months, 39.92 per cent over the past year, and an impressive 176.55 per cent in three years.