| | FEBRUARY 20258INDIA EMERGES AS A GLOBAL POWERHOUSE IN AI AND GREEN ENERGYPaytm Cloud Technology, the wholly owned subsidiary of fintech firm Paytm, is set to acquire a 25 percent stake in a Brazil-based implanted finance firm Seven Technology for $1 million.The acquisition of a stake in Seven Technology will empower the organization to comprehend the business landscape of merchants in the Brazilian market, Paytm said.The organization, incorporated in Delaware, is a parent organization of Dinnie which empowers digital and ecommerce platforms to offer financial services solutions to MSMEs in Brazil.Following the completion of the transaction, Seven Technology and Dinnie, would become associate entities of One97 Communications (OCL), the organization which operates Paytm brand."We believe that our technology-led merchant payments and financial services distribution business model in India has the potential for expansion in similar international markets," Paytm said. The latest investment in a foreign organization aimed at targeting an international market which comes weeks, post Paytm sold its stake in a Japanese organization for $250 million.One97 Communications Singapore approved the sale of Stock Acquisition Rights (SARs) held by Japan-based PayPay Corporation in 2024. Paytm's Singapore unit had acquired these SARs in September 2020.Paytm CEO Vijay Shekhar Sharma had hinted that merchant acquisition and payment facilitation in new markets were one of the key growth segments for the firm during the organization's analyst call a month ago. India is poised to play an essential role in the fields of artificial intelligence (AI) and green energy, becoming a significant contributor to global economic expansion, Andhra Pradesh Chief Minister N Chandrababu Naidu stated. During a press conference right before the 16th Finance Commission meeting here, Naidu mentioned that there was considerable global interest in India's development path at the World Economic Forum in Davos."India is the pulling factor for the global economic growth," the TDP chief told reporters.Making comparisons between the IT revolution of 1995 and today's advancements, Naidu stated that AI has become the "norm" with uses in every sector."In 1995, it was information technology and in 2025 it is AI. At that time, I was party to it, and even today I am party and in power," he said.The Chief Minister of Andhra highlighted two key themes that prevailed in the conversations at Davos - artificial intelligence and initiatives for green energy, specifically the production of green hydrogen. He highlighted the increasing emphasis on mitigating global warming via green energy initiatives and associated sectors. Naidu, a significant figure in India's IT transformation, voiced assurance regarding the nation's competitive edge in the AI field.This year's World Economic Forum focused more on emerging economies, as global leaders showed notable interest in India's technological progress and environmental efforts. PAYTM CLOUD TO INVEST $1 MILLION TO ACQUIRE 25 PERCENT STAKE IN SEVEN TECHNOLOGYJUST IN
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