Paytm Cloud incorporates Paytm Singapore as wholly-owned subsidiary

Paytm Cloud Technologies (PCTL), a wholly owned subsidiary of Paytm brand operator One97 Communications (OCL), incorporated Paytm Singapore on Tuesday.

PCTL’s Board of Directors approved a subscription of SGD 250,000 (Singapore dollars) toward the acquisition of 25,000 equity shares of SGD 10 each at par in Paytm Singapore.