India, Feb. 19 -- Paytm share price today continued its recovery. The stock has gained 5 per cent, hitting the upper circuit for the second straight session today. This comes on the news that the crisis-hit company has partnered with Axis Bank for the settlement of merchant payments. At 11:56 am, the stock was trading at Rs.358.35 on the NSE.

In the previous session, Paytm shares rose 5% to the upper circuit at Rs.341.30 on the NSE. In one month, the stock has tanked 55 per cent.

Paytm's parent company- One97 Communications- shifted its nodal account to Axis Bank through an escrow account. The company said that it will continue to operate for all its merchant partners as well.

The Reserve Bank of India (RBI) extended the deadline to ha...