Paytm expands globally, partners in UAE for payments push

Paytm Cloud Technologies Limited (PCTL), a wholly owned subsidiary of One 97 Communications Limited, announced on December 22, 2025, the approval for incorporating two new wholly owned step-down subsidiaries in Indonesia and Luxembourg. These expansions align with the company's strategy to explore new markets and deploy its advanced technology in merchant payments and financial services internationally, with an initial investment of up to INR 25 Crores for each new entity.

Additionally, PCTL's subsidiary, Paytm Arab Payments L.L.C (PAPL), secured an investment by Abbar Global Opportunities Holdings Limited (AGOHL) in the UAE. On December 22, 2025, PAPL approved the issuance of 76,862 equity shares, each at AED 100/-, representing 49% of its post-issue paid-up share capital, for a total consideration of approximately AED 7,686,200/-. This transaction, expected to be completed by February 28, 2026, will convert PAPL from a wholly-owned subsidiary of PCTL to a 51% owned step-down subsidiary of One 97 Communications Limited.

AGOHL, a Special Purpose Vehicle of Mr. Mohamed Ali Rashed Alabbar, brings a strategic partner with deep regional expertise. Mr. Alabbar is known for founding Emaar Properties and his leadership roles in various ventures. This partnership will support PAPL's mission to expand Paytm's technology-led merchant payments and financial services stack across the UAE.