PaytmThe subsidiary of PayTM Cloud Technologies Limited (PCTL) is expected to acquire a 25% participation in the Fintech Seven Technology LLC startup, based in the United States, for 8.7 crores (1 million US dollars).
This decision follows the recent announcement by PAYTM of plans to establish three new water subsidiaries, Saudi Arabia and Singapore via PCTL, aimed at extending its payment and financial technology services on a global scale.
Seven Technology LLC is the mother company of Dinie corresponds Bancário e Meios de Pagamento Ltda, a Brazilian Platform Fintech which provides digital financial services to MPMs in Brazil.
Following this advertisement, the course of action of One97 communications increased by around 1% in the morning trade on February 3, reaching $ 750.75 (US $ 8.61) per share on the stock exchange BOMBAY (BSE).
The action later closed at 743.60 ₹ (US $ 8.53) per share.
Star image: edited from freepik