SME Times is powered by   
Search News
Just in:   • Arun Jaitley passes away  • Samsung Galaxy M30s with 48MP camera in India next month  • Johnson, Trump speak ahead of G7  • Facebook downplayed Cambridge Analytica data scandal  • Google cracks whip on political debates at workplace 
Last updated: 23 Jul, 2019  

paytm.thumb.jpg Paytm partners Clix Finance to offer instant digital loans

paytm.jpg
   Top Stories
» Arun Jaitley passes away
» Spectacular opening to WorldSkills Kazan 2019
» MSMEs, startups get relief as Govt announces support measures
» Amid FPI sell-off govt withdraws enhanced surcharge
» Exporters hail initiatives to propel economy
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.
 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  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 24 Aug, 2019
  Daily Poll
Is the Union Budget 2019 MSME-friendly?
 Yes
 No
 Can't say
  Commented Stories
» Starting an import export business: Basic guide for beginners(1)
» Calicut University Collaborates with ACCA(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter