One 97 Comm partners with Indonesian fintech cos Flip, DTK
This story was originally published at 21:37 IST on 9 July 2026
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NEW DELHI – One 97 Communications Ltd., parent company of Paytm, has entered into a partnership in Indonesia with Flip (PT Fliptech Lentera Inspirasi Pertiwi), an Indonesian technology company focused on financial services, and its subsidiary, PT Duta Teknologi Kreatif (DTK), One 97 Communications said in an exchange filing Thursday.
Under the partnership, One 97 Communications and its subsidiaries will provide device hardware and technology to DTK. Paytm's parent company has also made a minority investment in DTK. Flip will lead local market execution. DTK holds a "PJP1" licence that permits merchant acquiring in Indonesia.
For the March quarter, One 97 Communications had reported a consolidated net profit of INR 1.84 billion on revenues of INR 22.64 billion. Thursday, its shares closed at INR 1,262.90 on the National Stock Exchange, up over 3% from Wednesday. End
Reported by Vaishali Tyagi
Edited by Rajeev Pai
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