Paytm Europe Grants Payment Institution License from CSSF, Validating Scope of Services
One 97 Communications Limited announced that its Luxembourg-based subsidiary, Paytm Europe Payments S.A., has been granted a payment institution license by the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg. The licensing approval came into effect on July 02, 2026.The authorization was granted to Paytm Europe regarding the provision of specific financial services within the payment sector. The company, which is a step down wholly owned subsidiary of One 97 Communications Limited, has been registered on the payment institutions official list maintained by CSSF.
According to details provided in Form A, the scope of the license covers three primary areas: execution of payment transactions; handling payments covered by credit lines; and acquiring payment transactions.
The licensed services are detailed below:
| Service Category | Specific Activities Granted |
|---|---|
| Execution of Payment Transactions | Execution of credit transfers, including standing orders, on a payment account with the user's service provider or another payment service provider. |
| Credit Line Payments | Execution of credit transfers, including standing orders, where funds are covered by a credit line for a payment service user. |
| Acquiring Transactions | Acquiring of payment transactions. |
The authorization license is valid from July 02, 2026, and does not have any specified validity period. The company stated that there were no financial implications identified relating to this licensing event.
PAYTM Stock Price Movement
On Thursday, One 97 Communications Limited shares edged higher, closing at ₹1213.40 after a gain of 0.64%. The equity saw robust trading activity, with over 2.35 million shares exchanging hands during the day.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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