Paytm Cloud Sets Foot in Saudi Arabia to Expand Global Fintech Reach

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One 97 Communications Ltd, through its wholly owned subsidiary Paytm Cloud Technologies Ltd (PCTL), has incorporated a new entity in Saudi Arabia, marking a strategic leap in its international expansion roadmap.

Key Highlights:

The Saudi subsidiary is part of a broader plan to establish operations in UAE, Singapore, and Saudi Arabia.
Each unit will receive up to ₹20 crore in phased investment, aimed at deploying Paytm’s techenabled payments and financial services stack.

Strategic Intent:

Paytm aims to replicate its Indiacentric merchant payments model in highgrowth international markets.
The company is exploring local licensing, partnerships, and strategic investments to accelerate market entry.

Operational Scope:

The new entity will focus on merchant acquisition, digital payments, and SME credit enablement.
CEO Vijay Shekhar Sharma emphasized the longterm nature of this expansion, targeting underserved segments in emerging economies.

Sources: Moneycontrol, YourStory, StartupTalky, Press Insider, MeatechWatch.