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via economictimes.indiatimes.comBusiness & Companies

Paytm gets RBI preliminary nod for prepaid instruments, including wallet

FROM THE WIRE · ECONOMICTIMES.INDIATIMES.COM

Paytm's payments unit on Friday received initial approval from the RBI to run a system for issuing prepaid payment instruments, including digital wallets. The news pushed Paytm's shares to a record high of Rs 1,960.

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishThe preliminary approval is a positive for Paytm's payments business and pushed its shares to a record high.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Paytm's payments unit received initial RBI approval on Friday.
  2. 02The approval covers issuing prepaid payment instruments, including digital wallets.
  3. 03The shares rose to a record high of Rs 1,960.

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