<ul><li>Paytm has incorporated a subsidiary in Singapore to expand its merchant payments and financial services in the Southeast Asian nation.</li><li>The subsidiary, Paytm Singapore Pte. Ltd, is a wholly owned subsidiary of Paytm Cloud Technologies Limited, with an approved outlay of SGD 2,50,000 for acquisition.</li><li>Paytm had previously announced plans to set up subsidiaries in the UAE, Saudi Arabia, and Singapore as part of its international expansion strategy.</li><li>The company has been focusing on core digital payments business, launching new offerings, and planning overseas expansions to boost revenues and profitability.</li></ul>

Paytm Floats Singapore Subsidiary After UAE Foray

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