One 97 Communications Limited has announced that Paytm Europe Payments S.A. its step-down wholly owned subsidiary, has been granted a payment institution licence by the Commission de Surveillance du Secteur Financier (CSSF), Luxembourg's financial sector regulator. The licence was granted with effect from July 2, 2026, following notification to Paytm Europe at 8:03 pm IST on the same date.
Paytm Europe has been registered on the CSSF's official list of payment institutions, and the authorisation does not carry any specified validity period. The licence enables the subsidiary to offer regulated payment services in Luxembourg and across the European Economic Area.
The authorised services include execution of payment transactions such as credit transfers and standing orders, execution of credit transfers where the funds are covered by a credit line, and acquiring of payment transactions. These services span both standard payment processing from user accounts and credit-linked payment transactions.
Paytm Europe is a step-down wholly owned subsidiary of One 97 Communications. It was incorporated in Luxembourg as a wholly owned subsidiary of Paytm Cloud Technologies Limited, which is a wholly owned Indian subsidiary of One 97 Communications. The incorporation was previously disclosed to stock exchanges on January 13, 2026.
One 97 Communications disclosed the licence grant to BSE and the National Stock Exchange of India under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. One 97 Communications stated that the expected financial implications of the licence are not applicable at this stage. The disclosure will be made available on One 97 Communications' investor relations website.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.