Paytm Europe granted licence by Luxembourg financial authority for credit, funds transfer, payments — Here's all we know

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 in Europe: Here's all we know

• The company in its statement said that CSSF informed Paytm Europe that it has been granted the payment institution licence and also been registered on the payment institutions official list, with effect from 2 July this year, through email at 8 pm (IST) on the same day.
• The authorisation license is valid from July 02, 2026, and does not have any specified validity period.
• It added that the licence has been granted in relation to the provision of services including payment transactions, credit transfers and acquiring of payment transactions. The details are expanded below.

• Paytm Europe has been registered on the CSSF's official list of payment institutions.

Paytm Europe operations: What are the services approved?

Paytm Europe has been registered to provide the following services:

• Execution of payment transactions, including transfers of funds on a payment account with the user’s payment service provider or with another payment service provider;
• Execution of credit transfers, including standing orders;

• Execution of payment transactions where the funds are covered by a credit line for a payment service user
• Execution of credit transfers, including standing orders; and
• Acquiring of payment transactions.

Paytm Q4 FY2026 results: Key highlights

One 97 Communications announced its March-quarter and full-year results in May reporting a consolidated net profit of ₹183 crore, marking a sharp turnaround from a net loss of ₹545 crore in the year-ago quarter.

The performance was helped by growth in its core financial services distribution business and payments segment. Here are the key highlights:

• First-ever full-year profitability with PAT of ₹552 crore in FY26, with growth driven by market share gains, higher margins, financial services scale, and AI-led efficiency.

• Reported operating revenue of ₹2,264 crore in Q4 FY26, with robust year-on-year (YoY) growth.
• Contribution margin of 55% with contribution profit of ₹1,254 crore.
• Reported positive EBITDA of ₹132 crore, with significant YoY improvement.
• Consumer UPI growth recorded at 46% YoY, significantly ahead of industry growth.
• Expanded user base with MTU reaching 7.7 crore, adding 50 lakh users YoY.

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