Paytm Europe Secures Payment Institution License in Luxembourg

One 97 Communications Ltd announced that its step-down wholly owned subsidiary, Paytm Europe Payments S.A. (Paytm Europe), has been granted a Payment Institution License by the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg. This license, effective July 2, 2026, allows Paytm Europe to provide services including execution of payment transactions, credit transfers, and acquiring of payment transactions. This development follows the incorporation of Paytm Europe in January 2026 and is a significant step for the company's international expansion in the payments sector. The company has confirmed that there are no immediate financial implications, penalties, or non-compliances identified by the authority.