Shares of One 97 Communications Ltd., the parent company of fintech platform Paytm, surged more than 11% to Rs 762.20 on Tuesday, marking a complete recovery from January's regulatory crackdown.
RBI’s directive forced the company to cease onboarding new UPI customers and froze key payment services, dealing a significant blow to its market position.
However, with yesterday’s approval from the National Payments Corporation of India (NPCI) to resume UPI registrations, Paytm has regained one of its core growth levers.
Paytm is now betting on its First Loss Default Guarantee (FLDG) lending model to drive future growth, aiming to scale lending partnerships and boost profitability.