Overview

• On June 3, Paytm Cloud Technologies Limited established Paytm Singapore Pte Ltd as a wholly owned subsidiary to extend the company’s merchant payments and financial services offerings in Southeast Asia.
• The board approved a subscription of SGD 250,000 for 25,000 equity shares at par, with One97 Communications set to hold 100% ownership through Paytm Cloud.
• Paytm unveiled Paytm Arab Payments LLC in the UAE last month and announced intentions to launch a Saudi Arabian subsidiary as part of its international rollout.
• The company is evaluating inorganic expansion, local licensing, strategic investments and partnerships to accelerate growth in target markets.
• CFO Madhur Deora said Paytm expects to achieve adjusted EBITDA profitability within the next two quarters.