Paytm Goes Global with New Units in Indonesia and Luxembourg

Fintech company Paytm’s parent, One97 Communications, is broadening its global footprint by establishing wholly owned subsidiaries in Indonesia and Luxembourg, aiming to grow its merchant payments and financial services internationally. The company plans to invest up to ₹25 crore in each new unit to support local licences, partnerships and organic expansion efforts. 

At the same time, Paytm is restructuring its United Arab Emirates (UAE) business by selling a 49% stake in its Paytm Arab Payments arm to Abbar Global Opportunities Holdings, linked to UAE property billionaire Mohamed Alabbar. This will make the UAE unit 51% owned by Paytm Cloud Technologies while bringing in local investment and strategic support. 

The move reflects Paytm’s strategy to enter new markets and strengthen its global technology distribution network. With the fresh subsidiaries and UAE partnership, the company is positioning itself for broader international growth. 

Read more: https://www.storyboard18.com/brand-marketing/paytm-expands-overseas-presence-with-indonesia-luxembourg-units-dilutes-uae-arm-stake-86369.htm

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