Paytm Expands Globally: New Subsidiaries in Indonesia, Luxembourg, and UAE

Paytm is expanding internationally, establishing subsidiaries in Indonesia and Luxembourg with investments up to INR 25 Cr each. Its UAE-based payments arm, Paytm Arab Payments LLC, will receive approximately INR 18.7 Cr from Abbar Global Opportunities Holdings for a 49% stake. Paytm transferred its offline merchant payments business to PPSL for INR 960 Cr. Shares closed 0.59% lower at INR 1,328.85.