17-07-2025
Paytm sets up wholly-owned subsidiary in Saudi Arabia to expand digital payments
By Aditya Bhagchandani Published on July 17, 2025, 16:24 IST
One 97 Communications Limited (Paytm) announced on Thursday that its wholly-owned subsidiary Paytm Cloud Technologies Limited (PCTL) has incorporated a step-down subsidiary in Saudi Arabia named 'Paytm Company', marking its entry into the Kingdom's digital payments space.
Key highlights: The new entity was incorporated on July 17, 2025, in the Kingdom of Saudi Arabia (KSA).
PCTL's board approved an investment of 85,00,000 Saudi Riyal to acquire 8,500 shares at 1,000 SAR each, fully funded through cash consideration.
Paytm Company will focus on expanding and distributing Paytm's technology-led digital payments stack in Saudi Arabia.
The company is a wholly-owned step-down subsidiary of Paytm, as PCTL itself is fully owned by One 97 Communications.
No additional regulatory or governmental approvals were required for this incorporation.
The entity will operate in the information and technology support services sector.
Paytm stated this move aligns with its global expansion strategy, bringing its payments and fintech expertise to the Middle Eastern market, starting with Saudi Arabia.
The company's disclosure has been made under Regulation 30 of SEBI (LODR) and is also hosted on its investor relations website.
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Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
