One 97 Communications Ltd., the parent of Paytm, on Friday 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).<\/p>\n
According to the company’s exchange filing, Paytm Europe was informed by the regulator on July 2 that it had received the licence and had also been registered on Luxembourg’s official list of payment institutions, effective the same date.<\/p>\n
The approval authorises Paytm Europe to offer a range of regulated payment services. These include the execution of payment transactions, transfers between payment accounts, credit transfers, standing orders and the acquiring of payment transactions.<\/p>\n
The development follows Paytm’s January 2026 disclosure regarding the incorporation of Paytm Europe in Luxembourg. The subsidiary is owned by Paytm Cloud Technologies Ltd., which is a wholly owned Indian subsidiary of One 97 Communications.<\/p>\n
ALSO READ:\u00a0Paytm Shares Rise After Reports Of Plan To Hire 4,000 Employees Amid AI Push<\/a><\/p>\n Last month, a report by Bloomberg News said that Paytm is planning to increase its headcount by 10%. The firm currently has about 40,000 employees, while it intends to lay off 1% of its staff, or about 400 people, after the current performance appraisal cycle, the news portal said citing a company spokesperson said. These job cuts come after significant reductions last year.<\/p>\n In May, global financial institutions, including Goldman Sachs, Societe Generale, and Citigroup Global Markets, have collectively acquired a 1.34% stake in One 97 Communications, the parent company of Paytm, from SAIF Partners and Elevation Capital for Rs 963 crore through open market transactions.<\/p>\n Other foreign investors participating in the transaction included Ghisallo Capital Management, BNP Paribas, Copthall Mauritius Investment, and Hong Kong-based Viridian Asset Management.<\/p>\n ALSO READ:\u00a0Paytm Block Deal: Goldman Sachs, Societe Generale And Other Mop Up Rs 960-Crore Stake<\/a><\/p>\n \n Essential Business<\/a> Intelligence,
\n Sharp Market<\/a> Insights,
\n Practical Personal Finance<\/a> Advice, Daily Fuel<\/a>, Gold<\/a> and Silver<\/a> Prices and Latest<\/a> Stories \u2014 On NDTV Profit.\n <\/p>\n","protected":false},"excerpt":{"rendered":"One 97 Communications Ltd., the parent of Paytm, on Friday said its wholly owned step-down subsidiary Paytm Europe…\n","protected":false},"author":2,"featured_media":9391,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[4],"tags":[5,2767],"class_list":["post-9390","post","type-post","status-publish","format-standard","has-post-thumbnail","category-luxembourg","tag-luxembourg","tag-paytm"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@lu\/116854051744139768","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/lu\/wp-json\/wp\/v2\/posts\/9390","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/lu\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/lu\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/lu\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/lu\/wp-json\/wp\/v2\/comments?post=9390"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/lu\/wp-json\/wp\/v2\/posts\/9390\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/lu\/wp-json\/wp\/v2\/media\/9391"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/lu\/wp-json\/wp\/v2\/media?parent=9390"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/lu\/wp-json\/wp\/v2\/categories?post=9390"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/lu\/wp-json\/wp\/v2\/tags?post=9390"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}