One 97 Communications, parent company of Paytm, is expanding its global presence through its subsidiary, Paytm Cloud Technologies Limited (PCTL). PCTL will establish new wholly-owned subsidiaries in Indonesia and Luxembourg. Furthermore, Paytm Arab Payments L.L.C (PAPL) will transition to a 51% owned subsidiary, through a partnership with Abbar Global Opportunities Holdings Limited. This strategic move aims to broaden Paytm’s reach in international markets.
Subsidiary Expansion
Paytm Cloud Technologies Limited (PCTL), a wholly-owned subsidiary of One 97 Communications, is set to incorporate two new wholly-owned subsidiaries in Indonesia and Luxembourg. This decision, approved on December 22, 2025, marks a significant step in the company’s strategy to extend its technology and services globally.
Partnership in UAE
In the United Arab Emirates (UAE), Paytm Arab Payments L.L.C (PAPL), originally incorporated on April 30, 2025, will undergo a strategic shift. Subject to necessary approvals, Abbar Global Opportunities Holdings Limited (AGOHL) will acquire 49% of PAPL by subscribing to 76,862 equity shares at par, valued at AED 100 each. Consequently, PAPL will transition to a 51% owned subsidiary of PCTL.
Strategic Rationale
The expansion aligns with the company’s objective of exploring new markets and leveraging advanced technology in merchant payments and financial services internationally. The partnership with AGOHL is expected to facilitate the growth and distribution of Paytm’s technology-led solutions in the UAE. Mr Mohamed Ali Rashed Alabbar, associated with Emaar Properties, is involved in this deal through AGOHL.
Timeline
The transaction with Abbar Global Opportunities Holdings Limited is expected to be completed by February 28, 2026.
Source: BSE