One 97 Communications, the India-based fintech company, said on May 25 that its wholly owned subsidiary Paytm Cloud Technologies will invest 9 million euros (US$10.5 million) in Paytm Europe Payments S.A., its European payments entity in Luxembourg, to support the subsidiary’s funding needs.

In a filing, One 97 Communications said Paytm Cloud Technologies approved the subscription to 9 million equity shares at 1 euro (US$1.2) each, raising Paytm Europe’s paid-up capital from 1 million euros (US$1.16 million) to 10 million euros (US$11.6 million).

The transaction is expected to be completed on or before June 30, 2026.

Paytm Europe, incorporated on January 12, 2026, is a step-down wholly owned subsidiary of One 97 Communications and has not started operations. The additional investment will not change the group’s ownership structure.

The funding comes as Paytm has described international expansion as a multi-year effort.

Europe was not specifically identified in that context, though Paytm has recently set up subsidiaries in the United Arab Emirates, Singapore, and Saudi Arabia, and Paytm Cloud Technologies acquired a 25% stake in Brazil-based startup Dinie.

🔗 Source: The Economic Times

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