Paytm Cloud Floats New Subsidiary In UAE, Infuses $2.1 Mn

Share via:


SUMMARY

Paytm Cloud’s board approved a subscription amount of AED 8 Mn for the acquisition of 80,000 equity shares in the newly-floated subsidiary, Paytm Arab Payments LLC

The new subsidiary will work towards expansion and distribution of Paytm’s technology-led merchant payments and financial services stack in the UAE

This comes three months after Paytm said that Paytm Cloud would set up wholly owned subsidiaries in the UAE, Saudi Arabia and Singapore

Fintech major Paytm’s arm Paytm Cloud Technologies Ltd (PCTL) has…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

Paytm Cloud Floats New Subsidiary In UAE, Infuses $2.1 Mn


SUMMARY

Paytm Cloud’s board approved a subscription amount of AED 8 Mn for the acquisition of 80,000 equity shares in the newly-floated subsidiary, Paytm Arab Payments LLC

The new subsidiary will work towards expansion and distribution of Paytm’s technology-led merchant payments and financial services stack in the UAE

This comes three months after Paytm said that Paytm Cloud would set up wholly owned subsidiaries in the UAE, Saudi Arabia and Singapore

Fintech major Paytm’s arm Paytm Cloud Technologies Ltd (PCTL) has…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

iPhone 17 Air could be a massive hit for...

Source: AppleTrack It feels like the floodgates have opened...

Salesforce South Asia CEO Arundhati Bhattacharya Conferred With Padma...

SUMMARY Arundhati Bhattacharya has been awarded the Padma Shri...

Google hopes to reach Gemini deal with Apple this...

Google hopes to enter an agreement with Apple...

Popular

Upcoming Events

Google CEO says proposed antitrust fix would discourage innovation

Google would be discouraged to invest in search...

IWARE Supplychain Services Limited IPO Closes Today PNN Digital

New Delhi , April 30: Iware Supplychain Services...

Maharashtra Approves New EV Policy With Tax Waivers, Infra...

SUMMARY Electric vehicles on highways will be given a...
GdfFD GFD GFD GFD GFD GFD GFD