Paytm Payments Unit Secures Initial Approval From RBI For Prepaid Instruments

Paytm's payments unit has officially received initial approval from the Reserve Bank of India to operate a system for issuing prepaid payment instruments, including digital wallets. Following this regulatory development, market enthusiasm drove the company's shares upward to reach a record high of Rs 1,960. <b>Paytm</b> continues to expand its financial services footprint under the regulatory framework as market observers monitor upcoming growth trends across the digital payments sector.