One 97 Communications has announced major international expansion initiatives on December 22, 2025, marking a significant step in its global growth strategy. The fintech giant disclosed plans to establish new subsidiaries in Indonesia and Luxembourg while securing a strategic partnership in the UAE through a substantial investment deal.

New Subsidiary Incorporations in Indonesia and Luxembourg

Paytm Cloud Technologies Limited (PCTL), a wholly owned subsidiary of One 97 Communications, approved the incorporation of two new wholly owned subsidiaries in Indonesia and Luxembourg at its board meeting held on December 22, 2025. These strategic moves align with the company's earlier disclosure about exploring select new markets for future growth and bringing its advanced technology across merchant payments and financial services to international markets.

Both subsidiaries will focus on expanding the distribution of Paytm's technology-led merchant payments and financial services stack using various approaches, including strategic partnerships, investments, organic expansion, and local licenses. No governmental or regulatory approvals are required for the incorporation of these proposed wholly owned subsidiaries.

Strategic UAE Partnership with Abbar Global

In a parallel development, Paytm Arab Payments L.L.C (PAPL), which was incorporated on April 30, 2025, approved a significant investment from Abbar Global Opportunities Holdings Limited (AGOHL) at its board meeting held on December 22, 2025. The transaction involves the issuance and allotment of 76,862 equity shares with a face value of AED 100.00 each, representing 49.00% of the post-issue paid-up share capital of PAPL.

Upon completion of this transaction, PAPL will cease to be a wholly owned subsidiary of PCTL and will become its 51.00% owned subsidiary, while continuing as a step-down subsidiary of One 97 Communications.

Strategic Partnership with Industry Leader

AGOHL serves as a Special Purpose Vehicle (SPV) of Mohamed Ali Rashed Alabbar, a prominent figure in the Middle Eastern business landscape. Alabbar is the founder of Emaar Properties, the developer behind iconic projects such as Burj Khalifa and Dubai Mall. He also co-founded Noon and holds leadership roles in Americana Restaurants, Zand Bank, Eagle Hills, and various other ventures.

Regulatory Compliance and Documentation

The Share Subscription Agreement between PAPL, Paytm Cloud Technologies Limited, and AGOHL was executed on December 22, 2025. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. One 97 Communications confirmed that AGOHL does not belong to the company's group companies, and the transaction does not fall within related party transactions.

All relevant details as required under the SEBI Listing Regulations, along with SEBI Master Circular and related circulars, have been properly documented and will be hosted on the company's investor relations website at https://ir.paytm.com/ .

These developments represent One 97 Communications' continued commitment to international expansion, leveraging strategic partnerships and direct investments to establish its presence in key global markets across Southeast Asia, Europe, and the Middle East.

One 97 Communications announced that its wholly-owned subsidiary, Paytm Payments Services Limited (PPSL), has received comprehensive authorization from the Reserve Bank of India (RBI) to operate as a Payment Aggregator across all key segments. This development marks a crucial step in the company's payment services expansion strategy.

RBI Authorization Details

PPSL received the following authorizations from RBI:

The latest authorization for Physical (offline) payments and Cross-Border transactions complements the previously granted online Payment Aggregator authorization.

Comprehensive Payment Services Portfolio

With these authorizations, PPSL now holds Payment Aggregator licenses across all key segments. This comprehensive licensing framework enables the subsidiary to offer end-to-end payment aggregation services for online, offline, and cross-border use cases. The authorization positions the company to deliver seamless payment experiences for merchants while supporting growth in both domestic and international payment acceptance.

Regulatory Compliance and Requirements

The RBI authorization comes with specific terms and conditions detailed in the Certificate of Authorization (CoA) No. 258/2025 dated November 26, 2025. Key compliance requirements include:

The payment system operations must comply with provisions of the Payment and Settlement Systems Act, 2007, along with associated regulations, directions, and guidelines issued by RBI.

Strategic Business Impact

The comprehensive authorization enables PPSL to operate across the complete spectrum of payment aggregation services. This regulatory approval supports the company's strategic objectives in expanding payment acceptance capabilities and strengthening its position in the digital payments ecosystem.

Disclosure and Documentation

One 97 Communications filed this disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. A copy of the RBI authorization letter has been annexed to the disclosure, and the information is being hosted on the company's investor relations website at https://irpaytm.com/ .