New Delhi: One 97 Communications Ltd (Paytm) on Monday said its wholly owned subsidiary, Paytm Cloud Technologies Ltd, has approved the incorporation of two overseas step-down subsidiaries in Indonesia and Luxembourg as part of its strategy to expand merchant payments and financial services in select global markets.
The company said it plans to invest up to ₹25 crore in each of the proposed subsidiaries, in one or more tranches, to support organic expansion, local licensing and strategic partnerships in the two markets. The new entities will focus on exporting Paytm’s technology-led payments and financial services stack to international markets.
In a parallel move, Paytm said its UAE unit, Paytm Arab Payments LLC, has approved the issuance of a 49% stake to Abbar Global Opportunities Holdings Ltd, a special purpose vehicle of Dubai-based billionaire Mohamed Alabbar. Following the transaction, Paytm Arab Payments will cease to be a wholly owned subsidiary and will operate as a 51%-owned subsidiary of Paytm Cloud Technologies.
The UAE transaction, expected to be completed by February 28, 2026, involves an equity infusion of around AED 7.7 million. Paytm said the partnership will help scale its merchant payments and financial services offerings in the Middle East through local expertise and strategic capital.
Paytm said the overseas expansion aligns with its earlier disclosures on exploring new international markets and diversifying revenue streams beyond India, as it seeks long-term growth opportunities in digital payments and financial services globally.