Latest news with #PaymentandSettlementSystemsAct
News18
13-08-2025
- Business
- News18
Paytm shares up 3 pc after RBI nod to operate as online payment aggregator
Agency: New Delhi, Aug 13 (PTI) Shares of One97 Communications Ltd, owner of the Paytm brand, ended 3 per cent higher on Wednesday as Paytm Payments Services has received the Reserve Bank of India's nod to operate as an online payment aggregator. The stock ended at Rs 1,154.30, up 3.07 per cent on the BSE. During the day, it surged 5.94 per cent to hit the 52-week high of Rs 1,186.50. On the NSE, the stock went up by 2.82 per cent to Rs 1,151.60. Intra-day, it jumped 5.98 per cent to Rs 1,187 — the 52-week peak. In volume terms, 12.30 lakh shares of the firm were traded on the BSE and 189.79 lakh shares exchanged hands on the NSE during the day. Paytm Payments Services has received the Reserve Bank of India's nod to operate as an online payment aggregator, its parent firm and Paytm brand owner One97 Communications said in a filing on Tuesday. The move also removes restriction on Paytm Payments Services Limited from onboarding new merchants, which was imposed on the company on November 25, 2022. 'Paytm Payments Services Limited (PPSL), a wholly-owned subsidiary of One97 Communications Limited (OCL or the Company), for a Payment Aggregator (PA) licence. We would like to inform you that Reserve Bank of India (RBI) has granted 'in-principle' authorisation to PPSL vide its letter…dated August 12, 2025, to operate as an Online Payment Aggregator under the Payment and Settlement Systems Act, 2007," the filing said. The company had applied for the permit in March 2020 but the approval was stuck due to certain compliance issues related to Foreign Direct Investment in the company. PTI SUM SUM SHW (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Time of India
13-08-2025
- Business
- Time of India
‘In-principle' authorisation: Paytm gets RBI nod to operate as online payment aggregator ending onboarding freeze; shares hit 52-week high with 5% surge
Paytm shares surge after RBI authorisation NEW DELHI: Paytm Payments Services has secured approval from the Reserve Bank of India to function as an online payment aggregator, according to a regulatory filing by its parent organisation One 97 Communications on Tuesday. This approval lifts the restrictions placed on Paytm Payments Services Limited (PPSL) regarding new merchant onboarding, which had been in effect since November 25, 2022. "Paytm Payments Services Limited (PPSL), a wholly-owned subsidiary of One 97 Communications Limited (OCL or the Company), for a Payment Aggregator (PA) licence. We would like to inform you that Reserve Bank of India ("RBI") has granted 'in-principle' authorisation to PPSL vide its August 12, 2025, to operate as an Online Payment Aggregator under the Payment and Settlement Systems Act, 2007," the filing stated, as quoted by news agency PTI. The organisation submitted its application for the permit in March 2020, but approval was delayed due to compliance matters concerning Foreign Direct Investment in the company. This authorisation arrives shortly after Chinese enterprise Alibaba group divested its complete shareholding in One97 Communications. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 3 Lakh+ Have Transformed Their Smile Toothsi by MakeO Book Now Approval subject to conditions RBI's nod directed that PPSL must comply with the Guidelines on Regulation of Payment Aggregators and Payment Gateways, including clarifications issued on March 31, 2021, to maintain its authorisation, as reported by Economic Times. The authorisation specifically encompasses PA operations as outlined in the guidelines. Any transactions beyond this scope, including merchant 'pay-outs', must be processed through separate channels, not through the designated PA escrow accounts. The central bank has also mandated PPSL to conduct a thorough System Audit, incorporating cybersecurity assessment. This audit must be performed by qualified professionals, either CERT-In empanelled auditors, Certified Information Systems Auditors (CISA), or DISA-certified experts. The assessment scope needs to include verification of compliance with the Master Direction on Cyber Resilience and Digital Payment Security Controls for non-bank Payment System Operators, alongside RBI's guidelines on 'Storage of Payment System Data'. RBI stipulateed that PPSL must submit the audit findings within six months from the letter date. Failure to meet this deadline will result in automatic cancellation of the in-principle authorisation. Furthermore, the financial firm must seek prior approval for any modifications in its shareholding or ownership structure. Shares reflect positive sentiment In the trading session following the RBI nod, One 97 Communications' shares surged 4.8% to reach a fresh 52-week peak of Rs 1,173.70 on BSE on Wednesday. The previous day, Paytm's stock had concluded marginally lower at Rs 1,119.95 on the BSE. Stay informed with the latest business news, updates on bank holidays , public holidays , current gold rate and silver price .
India Today
13-08-2025
- Business
- India Today
Explained: Why Paytm shares surged over 5% today
Paytm shares jumped as much as 6% in early trade on Wednesday after its fully-owned arm, Paytm Payments Services Ltd (PPSL), received the Reserve Bank of India's (RBI) 'in-principle' approval to operate as an online payment aggregator under the Payment and Settlement Systems Act, move lifted investor confidence, pushing Paytm's stock to a high of Rs 1,187 on the Bombay Stock Exchange (BSE).advertisementThe RBI also lifted merchant onboarding restrictions on PPSL that had been in place since November 2022, effective immediately. However, the authorisation is strictly limited to online payment aggregator operations as defined under RBI's guidelines, with certain transactions, such as merchant payouts, barred from routing through the designated escrow account. To ensure robust risk management and cybersecurity, RBI has mandated a comprehensive system and cybersecurity audit by a CERT-In empanelled auditor, a Certified Information Systems Auditor (CISA), or a DISA-qualified professional from audit must comply with RBI's Master Direction on Cyber Resilience and Digital Payment Security Controls, as well as the circular on payment data storage. The audit report is to be submitted within six months, failing which the approval will lapse PPSL must seek prior RBI approval for any changes in its shareholding or ownership structure, underscoring ongoing regulatory the business side, Paytm reported steady June-quarter results, with revenue matching estimates and profits strengthening thanks to tight cost controls. The company also saw better-than-expected gross merchandise value (GMV) recovery, while monthly transacting users held steady, signaling stable operational momentum.(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)- Ends
News18
13-08-2025
- Business
- News18
Stocks To Watch: Paytm, Nykaa, ONGC, NMDC, Oil India, NSDL, Suzlon Energy, And Others
Last Updated: Stocks to watch: Shares of firms like Paytm, Nykaa, ONGC, NMDC, Oil India, NSDL, Suzlon Energy, and others will be in focus on Wednesday's trade Stocks to watch today, August 13: Equity markets closed nearly 0.5% lower on Tuesday amid volatility, giving up gains from the previous session. In today's trade, shares of Apollo Hospitals, Paytm, Nykaa, ONGC, NMDC, Oil India, NSDL, Cochin Shipyard, Motilal Oswal Financial Services, Hindustan Aeronautics, Vodafone Idea, and Suzlon Energy will be in focus due to earnings announcements and corporate developments. Apollo Hospitals: The healthcare major reported a consolidated net profit of Rs 433 crore for Q1FY26, up 42% from Rs 305 crore in the year-ago quarter. One97 Communications (Paytm): Its wholly owned subsidiary, Paytm Payment Services has received in-principle approval from the Reserve Bank of India to operate as an online payment aggregator under the Payment and Settlement Systems Act, 2007. FSN E-Commerce Ventures (Nykaa): The beauty and lifestyle retailer posted a 23% year-on-year (YoY) rise in Q1 revenue to Rs 2,155 crore, while profit after tax surged 79% to ₹24 crore from Rs 14 crore a year ago. Oil and Natural Gas Corporation (ONGC): The state-owned energy giant reported an 18.18% YoY increase in consolidated net profit to Rs 11,554.21 crore in Q1FY26. Revenue from operations fell 3.2% to Rs 1,63,108 crore from Rs 1,68,967 crore last year. Oil India: Consolidated revenue from operations fell 6.4% YoY to Rs 8,749.94 crore. Net profit was largely flat at Rs 1,896.42 crore against Rs 1,885.78 crore a year earlier. National Securities Depository (NSDL): The company reported consolidated revenue of Rs 312 crore, down 7.5% YoY, but profit increased 15.2% to ₹89.6 crore. Separately, NSDL posted a Q1 net profit of Rs 90 crore, up 15% from Rs 78 crore in the same quarter last year. Cochin Shipyard: The shipbuilder's Q1 revenue from operations jumped 38.5% YoY to Rs 1,068 crore, while net profit rose 7.9% to Rs 187.8 crore. Motilal Oswal Financial Services: The brokerage has invested Rs 400 crore in quick commerce unicorn Zetpo, acquiring 75.4 million compulsorily convertible preference shares (CCPS) in the Mumbai-based startup. Hindustan Aeronautics: The defence PSU reported a 4% YoY drop in net profit to Rs 1,377.15 crore in Q1FY26, while revenue grew 10.84% to ₹4,819.14 crore. Vodafone Idea: The telecom operator has entered into a Power Purchase Agreement and a Share Purchase Agreement to acquire a 26% equity stake in Aditya Birla Renewables SPV 3 Limited. Suzlon Energy: The renewable energy player posted a 7% YoY rise in consolidated net profit to Rs 324.32 crore for Q1FY26, driven mainly by higher revenues. view comments Location : New Delhi, India, India First Published: August 13, 2025, 08:04 IST News business » markets Stocks To Watch: Paytm, Nykaa, ONGC, NMDC, Oil India, NSDL, Suzlon Energy, And Others Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Business Upturn
13-08-2025
- Business
- Business Upturn
Paytm shares in focus today as RBI grants in-principle nod to subsidiary for online payment aggregator licence after AntFin's exit
Shares of One 97 Communications, the parent company of Paytm, will be in focus today, Wednesday, August 13, after its wholly owned subsidiary, Paytm Payments Services Limited (PPSL), received in-principle authorisation from the Reserve Bank of India (RBI) to operate as an online payment aggregator under the Payment and Settlement Systems Act, 2007. The development marks a significant regulatory breakthrough for the company, which had faced a setback last year when its application was rejected over non-compliance with foreign direct investment (FDI) norms. The latest approval follows China's Ant Financial exiting Paytm last week by selling its entire 5.84% stake for around Rs 3,803 crore, reducing Chinese ownership in the company to zero. The licence will allow PPSL to onboard merchants and facilitate online transactions, aligning with Paytm's broader strategy to strengthen its merchant-side business. Founder and CEO Vijay Shekhar Sharma has previously stated that SME credit and future-forward receivables remain a key focus area for the company. Separately, Paytm reported a consolidated net profit of Rs 122.5 crore in Q1 FY26, reversing a loss of Rs 838.9 crore a year ago. Revenue from operations rose 27.7% YoY to Rs 1,917.5 crore, driven by growth in subscription merchants, higher gross merchandise volume, and increased financial services distribution income. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
