One 97 Communications, the parent company of Paytm, has announced the incorporation of a new wholly owned step-down subsidiary, Paytm Arab Payments LLC, in the United Arab Emirates.
This marks a significant step in Paytm’s international expansion strategy, particularly in strengthening its digital payments and financial services footprint in the Middle East.
According to the official disclosure to stock exchanges, Paytm Cloud Technologies Limited (PCTL), a wholly owned subsidiary of One 97 Communications, incorporated the UAE-based entity on 30th April, 2025. The Board of Directors of PCTL also approved a cash investment of AED 8 million to subscribe to 80,000 equity shares of AED 100 each at par.
Paytm Arab Payments LLC will focus on deploying Paytm’s technology-led merchant payments and financial services solutions across the UAE. The new entity is positioned within the payments and financial services sector, excluding banking and insurance, and aims to distribute the company’s offerings through innovative digital platforms.
The company clarified that no specific governmental or regulatory approvals were required for this incorporation, and the entire shareholding will be held indirectly through PCTL, making Paytm Arab a fully owned subsidiary.
The announcement was made in compliance with SEBI’s Listing Obligations and Disclosure Requirements and has also been published on the company’s investor relations website.
This move signals Paytm’s growing ambitions to extend its services to international markets, leveraging its FinTech expertise beyond India’s borders.
Send news announcements/press releases to:
info@thefoundermedia.com