Paytm Cloud Floats New Subsidiary In UAE, Infuses $2.1 Mn

Paytm's cloud computing arm has established a new subsidiary in the UAE with an initial investment of 2.1 million. This marks Paytm's strategic expansion into Middle Eastern markets, offering cloud-based solutions to regional businesses. The move comes as Indian tech firms increasingly look toward Gulf markets for growth opportunities. Paytm Cloud plans to provide AI-driven enterprise solutions, payment gateways, and merchant services tailored for UAE businesses. The expansion follows RBI's recent restrictions on Paytm Payments Bank in India, prompting the company to diversify its geographical presence and revenue streams.