One 97 Communications’ (Paytm) wholly-owned subsidiary -- Paytm Cloud Technologies (PCTL) has incorporated a wholly owned subsidiary named ‘Paytm Company’ in the Kingdom of Saudi Arabia on July 17, 2025. Further, the Board of Directors of PCTL, in its meeting held on July 17, 2025, has approved a subscription amount of 85,00,000 Saudi Riyal towards the acquisition of 8,500 equity shares of 1000 Saudi Riyal each at par in Paytm Company.

Paytm Company will work towards expansion and distribution of Paytm’s technology led digital payments stack in Saudi Arabia. The newly incorporated entity belongs to information and technology support services industry.

One 97 Communications (Paytm) is India's leading mobile payments and financial services distribution company. Pioneer of the mobile QR payments revolution in India, the company builds technologies that help small businesses with payments and commerce.