Overview

• One97 Communications Ltd has appointed Ramana Kumar as CEO of its newly established UAE subsidiary under Paytm Cloud Technologies Ltd.
• Kumar brings over two decades of experience in Gulf banking and fintech, including roles at First Abu Dhabi Bank and as founding CEO of Magnati.
• Paytm is focusing on the Middle East's growing demand for digital payment solutions, tailoring its India-tested technologies like QR codes and Soundbox devices to the region.
• This move aligns with Paytm's strategy to diversify internationally, responding to increased regulatory scrutiny and competition in its home market of India.
• The company is finalizing plans for product rollouts and partnerships in the UAE and broader Middle East, though specific details remain undisclosed.