Paytm Sets Up Two New Overseas Units, Raises Funds For UAE Unit

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SUMMARY

Paytm has announced that it is setting up new subsidiaries in Indonesia and Luxembourg as well as bringing onboard a new investor to its UAE payments arm

Paytm said its cloud arm, Paytm Cloud Technologies Ltd (PCTL), has approved the setup of two wholly owned subsidiaries, one in Indonesia and another in Luxembourg

As part of this restructuring, Paytm transferred its entire offline merchant payments business to PPSL in November, with a book value of INR 960 Cr for FY25

Adding to its overseas push, listed fintech…



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Paytm Sets Up Two New Overseas Units, Raises Funds For UAE Unit


SUMMARY

Paytm has announced that it is setting up new subsidiaries in Indonesia and Luxembourg as well as bringing onboard a new investor to its UAE payments arm

Paytm said its cloud arm, Paytm Cloud Technologies Ltd (PCTL), has approved the setup of two wholly owned subsidiaries, one in Indonesia and another in Luxembourg

As part of this restructuring, Paytm transferred its entire offline merchant payments business to PPSL in November, with a book value of INR 960 Cr for FY25

Adding to its overseas push, listed fintech…



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.

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