Mumbai: One 97 Communications Ltd, which operates digital payments platform Paytm, has completed the acquisition of 100% stake in Fincollect Services Pvt Ltd, making the debt recovery firm a direct wholly owned subsidiary of the company with effect from January 13, 2026.
The acquisition of Fincollect Services from Urja Money Pvt Ltd was earlier announced in October 2025 and has now been fully consummated, Paytm said in a regulatory filing. The company did not disclose the transaction value in the latest disclosure.
In a separate development, Paytm said its cloud arm, Paytm Cloud Technologies Ltd (PCTL), has incorporated a wholly owned subsidiary in Luxembourg named Paytm Europe Payments S.A. The new entity was incorporated on January 12, 2026, with PCTL subscribing to 30,000 equity shares of €1 each.
The Luxembourg subsidiary is expected to support Paytm’s international payments and technology operations in Europe, as the fintech firm looks to expand selectively outside India. Luxembourg is a key hub for financial services in the European Union, offering regulatory access to the broader EU market.
The twin developments signal Paytm’s continued push to strengthen its operational stack in India while laying the groundwork for overseas expansion, even as the company sharpens its focus on compliance, efficiency and sustainable growth following heightened regulatory scrutiny in the domestic fintech sector.