Paytm’s Luxembourg-based subsidiary, Paytm Europe Payments S.A., secured a payment institution licence from the Commission de Surveillance du Secteur Financier (CSSF) on July 2, 2026, according to an exchange filing by the fintech company. The licence allows Paytm Europe to execute payment transactions, including credit transfers, standing orders, and acquiring payment transactions, marking a key milestone in its European expansion.
Paytm Europe, a step-down subsidiary controlled fully by Paytm Cloud Technologies, was incorporated on January 12, 2026. The company received the licence after increasing its paid-up capital by €9 million to support business requirements. Nasir Zubairi, former founder of Luxembourg House of Financial Technology, joined Paytm Europe as CEO earlier this year, overseeing operations as the entity prepared for market entry.
This licence enables Paytm Europe to operate independently in the European payments market, following successful test runs in the UAE, Singapore, and Saudi Arabia. The move reflects Paytm’s strategic push to establish a wholly owned operating entity in Europe, differentiating it from competitors who often rely on partnerships. The approval from CSSF places Paytm Europe on the official payment institutions list, enhancing its credibility in the region.
Paytm Cloud Technologies retains 100% ownership of Paytm Europe following the investment and licence approval. The company’s next steps include leveraging this licence to expand payment services across European markets, building on the foundation established since the subsidiary’s incorporation in January 2026.