One 97 Communications , the parent company of digital payments platform Paytm, has received regulatory approval for its subsidiary to establish two Wholly Owned Subsidiary Services (WOSS) in Indonesia and Luxembourg. This development represents a significant milestone in the company's international expansion efforts.

Regulatory Approval Details

The approval allows One 97 Communications' subsidiary to establish operational entities in both Indonesia and Luxembourg, providing a foundation for expanded business activities in these markets. The WOSS structure will enable the company to maintain full control over its operations while complying with local regulatory requirements.

Strategic Market Expansion

The establishment of WOSS in Indonesia and Luxembourg positions One 97 Communications to tap into diverse market opportunities. Indonesia represents one of Southeast Asia's largest economies with a growing digital payments sector, while Luxembourg offers strategic advantages as a European financial hub.

Business Implications

This regulatory approval enables the fintech company to:

• Establish direct operational presence in two key international markets
• Maintain full ownership and control over subsidiary operations
• Comply with local regulatory frameworks while expanding services
• Strengthen its global business infrastructure

The WOSS structure provides operational flexibility while ensuring adherence to regulatory requirements in both jurisdictions, supporting One 97 Communications' broader international growth strategy.

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.