Paytm gets RBI approval as payment aggregator, shares hit ₹1167
Paytm’s subsidiary PPSL secures RBI’s nod to function as a payment aggregator. The approval allows direct merchant onboarding, widening the company’s payment services. Analysts say this could boost revenues and competitiveness. Investors also viewed it as a positive step for Paytm’s digital payments business with its share reaching a 52 week high of ₹1167 post this announcement.