Paytm, through its subsidiary Paytm Cloud Tech, plans to establish operations in the UAE, Saudi Arabia, and Singapore to capitalise on its tech-enabled merchant payments and financial services in similar international markets. The company will also seek local licences and partnerships.
In a filing on January 20, alongside its quarterly earnings report, Paytm announced its intention to deploy and monetise its software and services stack internationally.
“The Board of Directors of our wholly-owned subsidiary, Paytm Cloud Technologies Limited (PCTL), at its meeting on January 20, 2025, approved the establishment of wholly-owned subsidiaries in the United Arab Emirates, the Kingdom of Saudi Arabia, and Singapore. The newly formed companies will be step-down subsidiaries of the Company,” the filing stated.
Paytm further noted that its technology-driven payments and financial services distribution model holds potential for growth in comparable international markets. “We have developed a portfolio of innovative hardware, software, and services in India, which can be deployed and monetised globally,” the company said.
Paytm is exploring various avenues, including organic growth, local licences, strategic investments, and partnerships in these international markets.
