Key Quantitative Figures & Details

  • PPSL has received an 'in-principle' authorisation from the RBI (Ref. No. CO.DPSS.AUTH.No.S860/02.27.004/2026-27) to set up and operate a payment system for the issuance and operation of Prepaid Payment Instruments (PPIs), commonly known as wallets, in India.
  • The authorisation is subject to adherence to the RBI Master Directions on Prepaid Payment Instruments dated August 27, 2021, as updated from time to time.

Dates of Action

  • The RBI authorisation letter is dated November 13, 2026.
  • PPSL's original application for the license was dated December 31, 2025.
  • The System Audit Report, including a Cyber Security audit, must be submitted to the RBI within six months from the date of the RBI letter (i.e., by May 13, 2027).

Parties or Entities Involved

  • Issuer of Disclosure: One 97 Communications Limited (Parent Company)
  • Subject of Disclosure: Paytm Payments Services Limited (PPSL), a wholly-owned subsidiary
  • Regulator: Reserve Bank of India (RBI), Department of Payment and Settlement Systems

Purpose or Stated Rationale

The disclosure is a mandatory regulatory requirement to inform the stock exchanges of a material event concerning a subsidiary. The authorisation is a key step for PPSL to eventually offer wallet services to its customers.

Conditions & Stipulations

The in-principle authorisation is conditional upon:

1. PPSL undertaking a System Audit, including a Cyber Security audit.

2. The audit must be conducted by a CERT-In empanelled auditor, a Certified Information Systems Auditor (CISA) registered with ISACA, or a holder of a DISA qualification from ICAI.

3. The audit scope must comply with the Master Directions dated November 05, 2026.

4. The audit report must be submitted to the RBI within six months (by May 13, 2027). Failure to do so will result in the automatic lapse of the in-principle authorisation.

5. PPSL must seek prior RBI approval for any change in its shareholding/ownership or control, as per the July 04, 2022, circular.

Financial or Operational Impact

  • PPSL cannot commence the issuance of PPIs/wallets until it receives the Final Authorisation / Certificate of Authorisation from the RBI.
  • The company had previously mentioned this application in its Q1 FY2027 earnings release.
  • Financial impact is not quantified in the disclosure; the impact is operational and strategic, pending final approval.

Capital Structure Impact

No immediate impact on the capital structure of One 97 Communications Limited or PPSL is disclosed. The authorisation is for operational capability. Any future change in PPSL's shareholding would require prior RBI approval.

Additional Information

  • A copy of the RBI letter is annexed to the BSE/NSE filing.
  • The disclosure is also hosted on the company's investor relations website: https://ir.paytm.com/.

#Tags: #One97Communications #Paytm #RBI #PPILicense #SEBIDisclosure #RegulatoryApproval #Neutral