Paytm prepaid wallets: Paytm Payments Services has received in-principle RBI authorisation to issue prepaid payment instruments, including wallets, subject to obtaining final approval from the central bank. Paytm Payments Services Ltd (PPSL), a wholly owned subsidiary of One 97 Communications Ltd, on Friday received in-principle authorisation from the Reserve Bank of India (RBI) to set up and operate a payment system for issuing and operating prepaid payment instruments (PPIs), including prepaid wallets.