Paytm incorporates wholly-owned subsidiary in United Arab Emirates

One 97 Communications has announced the incorporation of a step-down wholly-owned subsidiary, Paytm Arab Payments L.L.C., in the United Arab Emirates (UAE) through its subsidiary, Paytm Cloud Technologies Limited (PCTL). The incorporation was finalized on April 30, 2025. PCTL's board has approved a subscription of AED 8 million for 80,000 equity shares in Paytm Arab, each with a par value of AED 100. Paytm Arab is intended to expand and distribute Paytm's technology-led merchant payments and financial services within the UAE market. One 97 Communications will indirectly hold 100% ownership of Paytm Arab through PCTL. This strategic move aims to strengthen Paytm's presence in the international financial landscape.