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India’s Paytm goes international, expands presence to the UAE, Saudi Arabia, and Singapore

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Sumit Vishwakarma
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Indian fintech major 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.

New subsidiaries and ownership details

Paytm intends to invest up to Rs 20 crore in each new subsidiary and expects to complete their incorporation within six months. The subsidiaries will fall under PCTL, which will own 100% of their shares.

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The company also said that no additional government or regulatory approvals will be required, ensuring a smooth expansion. These subsidiaries will operate in the payments and financial services sector, reflecting Paytm’s core focus in India.

Focus on international growth

With digital payments on the rise worldwide, Paytm hopes to repeat its success overseas. The company plans to explore organic expansion, local licensing, strategic investments, and partnerships as part of its international push. It has previously tested global markets in places like Canada and Japan, though it later scaled back some of those ventures.

Paytm’s leadership believes its technology-led financial services model will find a strong footing in countries such as the UAE, Saudi Arabia, and Singapore, where fintech adoption is rapidly growing.

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