Paytm sells nearly half its UAE arm for ₹19cr, eyes global growth
Paytm just sold a 49% stake in its UAE payments subsidiary for ₹19 crore to Abbar Global Opportunities Holdings, a special purpose vehicle (SPV) of UAE billionaire Mohamed Ali Rashed Alabbar.
Now, Paytm still holds the majority at 51%, and the deal should wrap up by February 2026.
Why sell?
This is all part of Paytm's push to go global and not rely only on India.
They're also setting up new subsidiaries in Indonesia and Luxembourg, with plans to invest up to ₹25 crore each—hoping to tap into local fintech markets and partnerships.
The bigger picture
The UAE's fintech scene is booming, making it a smart spot for Paytm's expansion.
Even though their latest profit dropped sharply (₹21 crore vs last year's ₹930 crore), operating revenue actually grew by 24%—so they're clearly betting big on international moves.