Paytm’s cloud services arm, Paytm Cloud Technologies Ltd (PCTL), has launched a wholly owned subsidiary, Paytm Arab Payments LLC, in the United Arab Emirates (UAE), according to an official exchange filing.
The board of PCTL has approved an investment of AED 8 million (approximately $2.1 million or ₹18.41 crore) for acquiring 80,000 equity shares in the newly established entity. The subsidiary will focus on scaling and distributing Paytm’s technology-driven merchant payments and financial services in the UAE market. No regulatory approvals were needed for the incorporation.
This development follows Paytm’s January announcement outlining plans to establish subsidiaries in the UAE, Saudi Arabia, and Singapore, aiming to expand and monetise its digital financial services globally. The company has indicated interest in partnerships, strategic investments, and potential acquisitions as part of its international push.
Paytm’s overseas foray comes amid a renewed focus on core digital payments, following regulatory scrutiny of Paytm Payments Bank. In line with this strategy, the company recently launched a next-generation soundbox with a built-in screen offering real-time payment alerts.
Additionally, Paytm is looking to diversify its revenue streams. Its investment platform, Paytm Money, received SEBI approval earlier this year to function as a research analyst, potentially opening the door to new services in wealth management. Meanwhile, its application for a payment aggregator licence through Paytm Payment Services Ltd (PPSL) is also under consideration.
Despite a 36% year-on-year dip in Q3 FY25 revenue—from ₹2,850.5 crore to ₹1,827.8 crore—the company reduced its net loss to ₹208.5 crore, down 6% from ₹221.7 crore in the same quarter of FY24. CEO Vijay Shekhar Sharma has reaffirmed Paytm’s commitment to achieving profitability by Q1 FY26.
