Paytm's Luxembourg arm wins EU payment institution licence, unlocking passported services across Europe
Paytm Europe secured an EU payment institution licence from Luxembourg's regulator, letting it passport payment services across the bloc. The move extends One 97's international push—already spanning UAE, Singapore and Saudi Arabia—after RBI cancelled its payments bank licence. Parent posted Rs 552 crore FY26 profit on Rs 8,437 crore revenue, up 22%.
Paytm's Luxembourg subsidiary secured an EU payment institution licence, enabling passported payment services across Europe. Part of Paytm's international expansion strategy following RBI cancelling its payments bank licence; the company also operates in UAE, Singapore, and Saudi Arabia.