Paytm Soars to 52-Week High After RBI Greenlights Payment Aggregator License – Fintech Bull Run Continues
Paytm's stock just punched through its 52-week ceiling—courtesy of the Reserve Bank of India finally handing over that coveted payment aggregator license. Cue the confetti (and the short-squeeze).
Regulatory wins meet market euphoria
No vague 'approval in principle' here—this is full-fat authorization. The RBI doesn't toss these licenses like festival candy, which explains why traders are piling in like it's a free buffet at a fintech conference.
India's digital payments arms race heats up
With this license, Paytm bypasses third-party processing headaches and goes straight for the revenue jugular. Every UPI scan, every wallet top-up—now monetized without middlemen taking their cut. Clever, until the next regulatory 'guideline update' drops.
Bonus jab: Meanwhile, traditional banks are still trying to figure out if blockchain is that new Scandinavian furniture store.