One97 Communications’ wholly-owned subsidiary -- Paytm Cloud Technologies (PCTL) has incorporated a wholly owned subsidiary in the name of Paytm Arab Payments L.L.C. (Paytm Arab) in the United Arab Emirates on April 30, 2025.
Further, the Board of Directors of PCTL has approved a subscription amount of AED 8 million for acquisition of 80,000 equity shares of AED 100 each at par, of Paytm Arab. Paytm Arab Payments L.L.C. will work towards expansion and distribution of Paytm’s technology led merchant payments and financial services stack in UAE.
The Board of Directors of PCTL in their meeting held on April 30, 2025 has approved the same.
One97 Communications is India's leading mobile payments and financial services distribution company. Pioneer of the mobile QR payments revolution in India, the company builds technologies that help small businesses with payments and commerce.
