Shares of One 97 Communications Ltd., the parent company of Paytm, are trading higher on Friday, July 3, after its European subsidiary received regulatory approval to operate as a payment institution in Luxembourg.In an exchange filing, the company said its wholly owned step-down subsidiary, Paytm Europe Payments SA, has been granted a Payment Institution licence by Luxembourg’s financial regulator, the Commission de Surveillance du Secteur Financier (CSSF).
The authorisation became effective from July 2, 2026, and does not have a specified expiry date.
With the licence, Paytm Europe has been included in the CSSF’s official register of payment institutions.The approval allows the company to provide a range of regulated payment services, including the execution of payment transactions and credit transfers, including standing orders, both through payment accounts and credit lines. It also permits the company to offer payment acquiring services.
The licence marks a regulatory milestone for Paytm’s European operations as the company expands its presence in international payments.
