Paytm gets RBI nod to revive digital wallet business

RBI has granted in-principle approval to Paytm Payments Services Limited (PPSL) to issue and operate prepaid payment instruments, including digital wallets. The approval comes after Paytm Payments Bank's license was cancelled in April 2026. Paytm now has six months to complete a systems and cybersecurity audit; failure will result in automatic lapse of the approval.