Shares of One 97 Communications, the parent company of Paytm, saw their shares rise roughly 1.7% in early trading hours on 27 November after the company reported that its subsidiary had received final permission from the Reserve Bank of India (RBI) for a Payment Aggregator license.

In a post-market filing on 26 November, Paytm announced that the RBI granted the Certificate of Authorisation (COA) to the firm’s wholly-owned subsidiary Paytm Payments Services Limited (PPSL) to operate as a payment aggregator under the Payment and Settlement Systems Act of 2007.

The certificate will allow PPSL to resume merchant onboarding, which had been on hold since November 2022 due to an RBI freeze.  According to the filing, the license will allow PPSL to continue delivering payment aggregation services, and any development in this business sector will be shown in One 97 Communications Limited’s consolidated financials.

The company also attached the RBI’s formal Certificate of Authorisation, issued by the Department of Payment and Settlement Systems, stating that PPSL has been granted permission to operate as a payment aggregator beginning 26 November.

The RBI release, signed by Chief General Manager-In-Charge Gunveer Singh, also stated that an authorisation fee of Rs 10,000 plus GST has been deposited with the central bank.

At 3:30 pm, the shares of Paytm closed 0.51% higher at Rs 1,293 on NSE.

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