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Tuesday, February 11, 2025

Paytm Sets Sights Abroad with ₹60 Crore Investment in UAE, Saudi Arabia, and Singapore

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Paytm, one of India’s leading fintech companies, is set to expand beyond its home market by establishing subsidiaries in the UAE, Saudi Arabia, and Singapore.

The move, approved by Paytm Cloud Technologies Limited (PCTL), a fully owned subsidiary of One 97 Communications Ltd., aims to bring Paytm’s merchant payments and financial services expertise to international markets with high demand for digital finance solutions.

Expansion Plans and Investment Details

Paytm plans to invest up to ₹20 crore in each of the new subsidiaries, which will be wholly owned by PCTL. The company anticipates completing the incorporation process within six months.

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These entities will focus on payments and financial services, aligning with Paytm’s core strengths in India. The company confirmed that no additional government or regulatory clearances are needed, ensuring a smooth path to global expansion.

Eyeing Global Opportunities

Paytm is positioning itself to tap into the growing global appetite for digital payment systems. The company intends to pursue various strategies, including organic growth, partnerships, licensing, and strategic investments, to establish its presence overseas.

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This isn’t Paytm’s first foray into international markets—it previously ventured into Canada and Japan, gaining valuable insights despite later scaling back those operations. With the new subsidiaries, the company is set to build on its experience and expand its global footprint.

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