Paytm eyes merchant acquisition in international markets with new subsidiaries in Middle East, SEA

One97 Communications, the parent company of fintech giant Paytm, is expanding its global footprint with new subsidiaries in the UAE, Saudi Arabia, and Singapore after reporting a marginal reduction in net loss to ₹208.3 crore in the third quarter, compared to the same period last year.

Paytm CEO Vijay Shekhar Sharma said that merchant acquisition and payment facilitation in new regions are key growth opportunities for the company.