India, July 3 -- Paytm has secured a payment institution licence for its step-down Luxembourg-based subsidiary, Paytm Europe Payments S.A. (Paytm Europe), from the Commission de Surveillance du Secteur Financier (CSSF).

In an exchange filing, the fintech company said the step-down subsidiary, which is controlled by Paytm Cloud Technologies, received the approval yesterday. With this clearance, Paytm's Europe subsidiary has also been registered on the payment institutions official list, with effect from July 02, 2026.

Paytm Europe can provide three categories of services with the licence - execution of payment transactions including credit transfers and standing orders, execution of such transactions where funds are covered by a credit l...