LaunchFinancial Services
Paytm gets RBI in-principle nod for wallets
By Abha Lohia · Editor ·
Paytm: revenue and funding and every story →
Noida
- Paytm is a listed digital payments company whose subsidiary Paytm Payments Services now runs its payment licensing work
- The central bank cleared the firm in principle to run prepaid products such as wallets, but a final certificate must come before any launch
- The nod follows the cancellation of its payments bank licence in April 2026, and the firm had applied for the wallet licence earlier this year
What happened
- Paytm Payments Services got in-principle RBI approval
- Covers prepaid instruments including wallets
- Final authorisation is needed before wallet services start
Why it matters
- The payments bank licence was cancelled on 24 April 2026
The business
- Paytm offers payments and financial services
The founders
What happens next
- Final certificate of authorisation from RBI
The numbers around it
Paytm has 3 funding rounds in StopDown's archive, $4.91 Bn raised in all.
| When | Round | Amount | Led by |
|---|---|---|---|
| 21 July 2026 | public | ₹100 crore | |
| 25 May 2026 | subsidiary investment | €9M | |
| 12 March 2026 | debt | ₹825 Cr |
Financial Services in November 2026: 6 rounds with a disclosed amount, $176 million in all; the biggest was Kissht (₹832 Cr). Every sector this year →
Other articles talking about it
Terms in this story
- PPI licence: A PPI licence is an authorisation from the Reserve Bank of India (RBI) that lets a company issue prepaid payment instruments (PPIs), such as mobile wallets, prepaid cards and gift cards, where the customer loads money first and spends it later. Without it, a fintech cannot hold customer balances in a wallet in India.
- Payments bank vs SFB: A payments bank is an RBI-licensed bank that takes deposits up to a cap and offers payments but cannot give loans, while a small finance bank (SFB) can take deposits and lend, with a focus on small borrowers. Both are narrower than a full commercial bank.
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