Paytm's merchant acquisitions stretch to global markets

ne97 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.

- Mansi Verma

Paytm CEO Vijay Shekhar Sharma said that merchant acquisition and payment facilitation in new regions are key growth opportunities for the company. "The intent here is to first go on the merchant side because it is a very long-term business model, and in every economy and geography that I am meeting different senior executives in, either in central bank or government, love it because SME credit is missing everywhere," Sharma said, in the earnings call on 20 January.

Paytm launched UPI International, allowing Indian travellers to make UPI transactions at select global locations.