Paytm is stepping up its overseas plans with fresh moves in Indonesia and Luxembourg, where it has set up two wholly owned subsidiaries to support its international expansion. The new entities will be incorporated through Paytm Cloud Technologies (PCTL), a fully owned arm of One97 Communications, which operates the Paytm brand. Both units will remain wholly owned by PCTL and are intended to help the company take its merchant payments and financial services offerings to new markets.

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Presence in the UAE

At the same time, Paytm is restructuring its presence in the UAE. Its subsidiary, Paytm Arab Payments (PAPL), will no longer be a wholly owned step-down unit of the parent company. Instead, PCTL will hold a 51 percent stake in the UAE-based entity, while the remaining 49 percent will be owned by Abbar Global Opportunities Holdings (AGOHL).

Paytm said AGOHL is a special purpose vehicle (SPV) backed by Mohamed Ali Rashed Alabbar, the founder of Emaar Properties. The change follows the approval of equity issuance and allotment to AGOHL, bringing in a local partner for the UAE business.

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Business Beyond India

The expansion into Indonesia and Luxembourg, along with the reworking of its UAE operations, comes as Paytm looks beyond India for its next phase of growth in digital payments and financial services. Markets like Indonesia offer scale and growing adoption of digital transactions, while Luxembourg provides a base for wider European engagement.

According to the company, the new subsidiaries will focus on building distribution for Paytm’s payments and financial services stack through partnerships, investments, organic expansion, and, where needed, the acquisition of local licences. Paytm plans to invest up to ₹25 crore in each of the Indonesia and Luxembourg entities, either in a single tranche or across two phases.