Paytm Europe Payments, a step-down subsidiary of One 97 Communications, has received payment institution licence from Luxembourg’s financial regulator.
In a regulatory filing, One 97 Communications said that Paytm Europe Payments has been granted a payment institution licence by the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg.
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The disclosure also said Paytm Europe has been registered on the regulator’s official list of payment institutions.
The company said the authorisation covers specific payment services. These include the execution of payment transactions, including transfers of funds from a payment account.
It also covers the execution of payment transactions where the funds are covered by a credit line for the payment service user, as well as the acquiring of payment transactions.
The filing added that the licence became effective from 2 July 2026 and “does not have any specified validity period”.
One 97 Communications stated that there are no expected financial implications from the communication.
The update follows a May decision by Paytm Cloud Technologies Limited (PCTL), a wholly owned subsidiary of One 97 Communications, to approve the subscription of 9 million equity shares in Paytm Europe Payments.
The shares had a face value of €1 each, taking the total investment to €9m. At that time, the company said the objective of the funding was to “increase in paid up capital” of Paytm Europe to support business requirements
Paytm Europe Payments was incorporated in January 2026 in Luxembourg.
In December last year, Paytm also secured the Reserve Bank of India’s (RBI) authorisation to act as a payment aggregator (PA) for offline payments and cross-border transactions.
