Partnership9 Jul 2026, 08:30 pm
Paytm Partners with Flip in Indonesia for Soundbox Tech
AI Summary
One 97 Communications Ltd (Paytm) has entered into a partnership with Indonesian financial services company Flip and its subsidiary PT Duta Teknologi Kreatif (DTK). Under this agreement, Paytm will provide device hardware and technology to DTK, and has made a minority investment in DTK. Flip will lead local market execution in Indonesia. DTK holds a PJP1 license for merchant acquiring. Paytm clarifies this partnership is not a material event requiring immediate disclosure under SEBI regulations.
Key Highlights
- Paytm enters Indonesian market via partnership with Flip.
- Provides device hardware and technology to subsidiary DTK.
- Minority investment made in Indonesian subsidiary DTK.
- Flip leads local market execution; DTK has merchant acquiring license.
Price Impact
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