Paytm to expand to Saudi Arabia, UAE and Singapore; appoints former bureaucrat Bimal Julka to board

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One 97 Communications, which runs digital payments platform Paytm, is expanding operations to the United Arab Emirates, Saudi Arabia and Singapore.

The company plans to invest up to Rs 20 crore in each of these markets for deploying its merchant payments and financial services products, according to a regulatory filing on Monday. It will consider organic expansions and strategic partnerships and investments along with local licences in these countries.

Paytm is among several Indian fintech startups who are looking to expand their businesses to the…



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Paytm to expand to Saudi Arabia, UAE and Singapore; appoints former bureaucrat Bimal Julka to board


One 97 Communications, which runs digital payments platform Paytm, is expanding operations to the United Arab Emirates, Saudi Arabia and Singapore.

The company plans to invest up to Rs 20 crore in each of these markets for deploying its merchant payments and financial services products, according to a regulatory filing on Monday. It will consider organic expansions and strategic partnerships and investments along with local licences in these countries.

Paytm is among several Indian fintech startups who are looking to expand their businesses to the…



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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