India, Nov. 13 -- One 97 Communications on Friday said its wholly owned subsidiary, Paytm Payments Services Ltd (PPSL), has received in-principle authorisation from the Reserve Bank to operate wallets.

One 97 Communications said in a regulatory filing that the Reserve Bank of India granted in-principle authorisation to Paytm Payments Services Limited for Prepaid Payment Instruments through a letter dated November 13, 2026.

Approval is subject to adherence to the RBI Master Directions on Prepaid Payment Instruments dated August 27, 2021, it said.

PPSL is advised to undertake a System Audit, including a Cyber Security audit, to be conducted by a CERT-In empanelled auditor or a Certified Information Systems Auditor (CISA) registered with ...