New Delhi, July 3 -- Payment aggregator Paytm's parent company One 97 Communications today said that its step down wholly owned subsidiary in Luxembourg, Paytm Europe Payments SA (Paytm Europe), has been granted a payment institution licence.

In a filing with the exchanges on 3 July, Paytm said that the Commission de Surveillance du Secteur Financier, Luxembourg (CSSF) has issued a grant of payment institution licence to Paytm Europe valid from 2 July 2026. It added that the licence has no specified validity period.

Paytm Europe has been registered to provide the following services:

One 97 Communications announced its March-quarter and full-year results in May reporting a consolidated net profit of Rs.183 crore, marking a sharp turnaro...