Paytm shares surge 6% on getting NPCI nod to onboard new UPI users
ADVERTISEMENT
The stock witnessed buying as Paytm received approval from NPCI nearly nine months after the Reserve Bank of India (RBI) restricted the addition of new customers. The Vijay Shekhar Sharma-led fintech firm has been granted approval to restart onboarding new users, contingent on adherence to NPCI’s procedural guidelines and its agreements with payment service provider (PSP) banks. Paytm's share of the UPI market fell from 13% in January to around 7% by September due to the embargo.
By March, Paytm was allowed to continue functioning as a TPAP on UPI, with four banks—State Bank of India (SBI), Axis Bank, HDFC Bank, and YES Bank—serving as its PSPs.
August 2025
As India continues to be the world’s fastest-growing major economy, Fortune India presents its special issue on the nation’s Top 100 Billionaires. Curated in partnership with Waterfield Advisors, this year’s list reflects a slight decline in the number of dollar billionaires—from 185 to 182—even as the entry threshold for the Top 100 rose to ₹24,283 crore, up from ₹22,739 crore last year. From stalwarts like Mukesh Ambani, Gautam Adani, and the Mistry family, who continue to lead the list, to major gainers such as Sunil Mittal and Kumar Mangalam Birla, the issue goes beyond the numbers to explore the resilience, ambition, and strategic foresight that define India’s wealth creators. Read their compelling stories in the latest issue of Fortune India. On stands now.
In Q2, Paytm finalised the sale of its entertainment ticketing business to food-tech platform Zomato. After accounting for working capital adjustments, the sale price amounted to ₹2,014 crore, resulting in gains of ₹1,345 crore.
Fortune India is now on WhatsApp! Get the latest updates from the world of business and economy delivered straight to your phone. Subscribe now.