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Paytm Cloud incorporates Paytm Singapore as wholly-owned subsidiary
Paytm Cloud Technologies (PCTL), a wholly owned subsidiary of Paytm brand operator One97 Communications (OCL), incorporated Paytm Singapore on Tuesday.
Earlier this year, PCTL acquired a 25 per cent stake in Brazil-based embedded finance firm Seven Technology for $1 million.
The acquisition of this stake will enable the company to better understand the merchants' business landscape in the Brazilian market, Paytm said.
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