Paytm Cloud Technologies Ltd (PCTL), a subsidiary of India’s leading fintech company Paytm, has announced the launch of its wholly owned UAE entity, named Paytm Arab Payments LLC, as part of its global expansion strategy.
The new venture will focus on technology-powered merchant payments and tailored financial services in the UAE market.
According to a regulatory filing, Paytm’s board has approved an 8 million AED investment (US$2.1M) to acquire 80,000 equity shares in the UAE-based entity. The incorporation required no prior governmental or regulatory approvals.
This move follows Paytm’s January 2025 announcement of its plans to expand to UAE, Saudi Arabia, and Singapore, targeting revenue diversification and global tech presence beyond India’s highly regulated market.
The UAE was a strategic choice, hosting around 25% of the MENA region’s fintech companies, and its fintech sector is projected to reach $3.56 billion by 2025 at a 12.56% CAGR. The 0% corporate tax rates and low setup costs further enhance its attractiveness for tech-driven financial solutions.
Paytm’s shift reflects a broader transition from a consumer-focused platform (B2C) to a global technology exporter (B2B), aligning with the path of Asian tech giants like Alibaba, also a major investor in Paytm. By leveraging its existing technology stack and focusing on licensing and enterprise-level services, Paytm is positioning itself for sustainable international growth beyond domestic limitations.
