One97 Communications (OCL), the parent company of Paytm announced that its wholly owned subsidiary Paytm Cloud Technologies (PCTL) has incorporated Paytm Singapore. In a regulatory filing, the company said, “We have now been informed by PCTL on June 03, 2025 at 03:25 p.m. (IST) that it has incorporated a wholly owned subsidiary named Paytm Singapore Pte Ltd (Paytm Singapore) in Singapore on June 03, 2025.”
It further maintained that PCTL’s board of directors approved a subscription of SGD 250,000 (Singapore dollars) toward the acquisition of 25,000 equity shares of SGD 10 each at par in Paytm Singapore.
Paytm Singapore will work towards expansion and distribution of Paytm’s technology led merchant payments and financial services stack in Singapore.
Once the transaction is complete, the company will indirectly hold 100 per cent of the shares in the proposed new wholly owned step down subsidiary through PCTL.
Earlier in January, in an exchange filing, Paytm had said that the company will be setting up businesses in UAE, Saudi Arabia and Singapore to leverage its tech-enabled merchant payments and financial services in ‘similar’ international markets, and seek local licenses and partnerships. These were planned to be done through its subsidiary Paytm Cloud Tech.
Paytm has been exploring various options including organic expansion as well as local licenses, strategic investment and partnerships in these international markets.