VERIFIEDET Finance·3 Jul 2026positive

Paytm's European arm secures payment institution licence in Luxembourg

AI Summary

·Paytm Europe Payments has obtained a payment institution license from Luxembourg's financial regulator, effective July 2, 2026.
·The license permits the company to provide services such as fund transfers and credit line-backed transactions.
·This development is supported by a capital investment from its parent company, One 97 Communications, for business expansion.