PCTL Acquires 25% Stake in Seven Technology LLC for $1 Million.

Economy Business

In February 2025, Noida (Uttar Pradesh, UP)-based Paytm Cloud Technologies Limited (PCTL), a subsidiary of Paytm, acquired a 25% stake in Delaware (United States of America, USA)-based Seven Technology LLC for USD 1 million (Rs. 8.70 crore).


      - This acquisition aligns with Paytm's strategy to expand its merchant payments and financial services model internationally, particularly in emerging markets with significant fintech potential.

     

     

Main Point :-   (i) Seven Technology LLC is the parent company of Dinie Correspondente Bancario e Meios de Pagamento (Dinie) in Brazil, which is the first embedded finance start-up offering Application Programming Interface (API)-based solutions.

      (ii) The acquisition is expected to be completed within 45 days, after which Seven Technology and Dinie will become associate entities of Paytm.

(iii) In December 2024, Paytm's parent company, One97 Communications Singapore Private Limited (Paytm Singapore), agreed to sell its Stock Acquisition Rights (SARS) in Japan's PayPay Corporation to SoftBank Vision Fund 2 for Japanese Yen (JPY) 41.9 billion (around Rs 2,364 crore).

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