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SUMMARY
Paytm has announced that it is setting up new subsidiaries in Indonesia and Luxembourg as well as bringing onboard a new investor to its UAE payments arm
Paytm said its cloud arm, Paytm Cloud Technologies Ltd (PCTL), has approved the setup of two wholly owned subsidiaries, one in Indonesia and another in Luxembourg
As part of this restructuring, Paytm transferred its entire offline merchant payments business to PPSL in November, with a book value of INR 960 Cr for FY25
Adding to its overseas push, listed fintech…
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