Tech
Paytm to expand to Saudi Arabia, UAE and Singapore; appoints former bureaucrat Bimal Julka to board
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One 97 Communications, which runs digital payments platform Paytm, is expanding operations to the United Arab Emirates, Saudi Arabia and Singapore.
The company plans to invest up to Rs 20 crore in each of these markets for deploying its merchant payments and financial services products, according to a regulatory filing on Monday. It will consider organic expansions and strategic partnerships and investments along with local licences in these countries.
Paytm is among several Indian fintech startups who are looking to expand their businesses to the…
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