Paytm Incorporates New Subsidiary in Saudi Arabia

One 97 Communications Limited (NSE: PAYTM) has announced a significant step in its global expansion strategy with the incorporation of a new subsidiary in the Kingdom of Saudi Arabia (KSA).

Through its wholly-owned arm, Paytm Cloud Technologies Limited (PCTL), the company has formed a new entity named “Paytm Company” on July 17, 2025, to drive the distribution and growth of its digital payments technology in the region.

Strategic Investment in Paytm Company

The Board of Directors of PCTL, in its meeting held on July 17, 2025, approved a cash subscription amount of 85,00,000 Saudi Riyal towards the acquisition of 8,500 equity shares, each priced at 1,000 Saudi Riyal at par, in the newly incorporated Paytm Company.

This investment will enable the company to establish a strong presence in the information and technology support services sector in Saudi Arabia, focusing on digital payments solutions tailored for the region.

Through this structure, One 97 Communications will indirectly hold a 100% stake in the subsidiary via PCTL, ensuring full control and integration of operations with its existing global portfolio.

Focus on Digital Payments Growth

Paytm Company will primarily work on expanding and distributing Paytm’s technology-led digital payments stack in Saudi Arabia, bringing innovative solutions to support local businesses, government initiatives, and consumers in the region’s growing digital economy.

Paytm Share Price Performance

On July 18, 2025, Paytm share price opened at ₹998.00, slightly down from its previous close of ₹999.40. At 11:45 AM, the share price of Paytm was trading at ₹1,004.80, up by 0.54% on the NSE.

Also Read: Paytm Crosses ₹1,000 Mark After 6 Months, Rises 230% From Lows!

Conclusion

This move marks a strategic milestone for One 97 Communications, strengthening its international footprint and tapping into Saudi Arabia’s fast-evolving fintech and digital payments market. By leveraging its expertise and technology stack, Paytm is poised to play a key role in accelerating cashless transactions and fostering digital adoption in the region.

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