|
|
|
Paytm partners Clix Finance to offer instant digital loans
|
|
|
|
Top Stories |
|
|
|
|
SME Times News Bureau | 23 Jul, 2019
Digital payments player Paytm on Tuesday partnered non-banking financial
company Clix Finance to offer instant digital loans to customers and
merchants on its platform.
The company would offer loans to Paytm
customers and merchants through "Deferred Payment or Postpaid" and
"Merchant Lines" facilities.
Using proprietary Machine Learning
(ML) models developed by Paytm and Clix, millions of Paytm customers and
merchants will get instant completely digital loans on the Paytm
platform, the company which is owned by One97 Communications Limited,
said in a statement.
"We have seen an overwhelming response to
Paytm postpaid and merchant lending products. With this partnership, we
aim to bring our credit tested algorithmic lending products to a larger
customer and merchant base, said Nitin Misra, Senior Vice President,
Paytm.
Over the next few months, Clix and Paytm will introduce
several new products to further enhance customer experience and meet
customer demand.
"Together, we will co-create many unique and
customised products that will work seamlessly to address unmet financial
needs of millions of customers," said Pramod Bhasin, Founder and
Chairman, Clix.
There are nearly 60 million MSMEs in India that need to go digital.
Alibaba-backed Paytm has over 200 million users in the country.
|
|
|
|
|
|
|
|
|
|
|
|
|
Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
|
66.20
|
64.50 |
UK Pound
|
87.50
|
84.65 |
Euro
|
78.25
|
75.65 |
Japanese
Yen |
58.85 |
56.85 |
As on 13 Aug, 2022 |
|
|
Daily Poll |
|
|
PM Modi's recent US visit to redefine India-US bilateral relations |
|
|
|
|
|
Commented Stories |
|
|
|
|
|
|
|
|