Paytm is looking to grow its business beyond India by setting up new subsidiaries in the United Arab Emirates (UAE), the Kingdom of Saudi Arabia, and Singapore.
The plan, approved by Paytm Cloud Technologies Limited (PCTL)—a wholly owned subsidiary of One 97 Communications Ltd.—aims to take Paytm’s merchant payments and financial services to international markets that show strong demand for digital finance solutions.
Paytm, a prominent fintech company in India, plans to expand its operations outside of the country by establishing new subsidiaries in Singapore, the Kingdom of Saudi Arabia, and the United Arab Emirates (UAE).
One 97 Communications Ltd.'s fully owned subsidiary, Paytm Cloud Technologies Limited (PCTL), has authorized the plan, which intends to expand Paytm's merchant payments and financial services to foreign markets with high demand for digital finance solutions.
