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Paytm, Fullerton India to expand digital lending to MSMEs

January 24, 2022

Paytm, Fullerton India to expand digital lending to MSMEs

Paytm parent organization and NBFC Fullerton India announced collaboration to lend its products to merchant partners and consumers. The platforms will bring credit to new to credit users by leveraging data driven insights and their wider reach, the companies said in a statement.

The programme will offer Paytm Postpaid, a buy now pay later scheme, to million so consumers on the platform while also utilizing Fullerton’s deep risk assessment capabilities and scale. The organization will expand their product offerings to include instant end to end digitally originated personal loans, disbursed using Paytm’s technology and Fullerton’s presence.

The partnership will also offer merchant loans across the nation. Paytm and Fullerton India will establish a huge network to cater to MSMEs across small cities and towns in order to help them expand their business. The companies plan to create innovative merchant loan products using customer payment behaviour and Fullerton’s understanding of the segment.

Paytm lending CEO Bhavesh Gupta said, “We believe that there is massive opportunity to provide access to credit to merchants in small cities and towns. We continue to focus on helping out blue-chip lending partners, to bring seamless credit products to our customers and merchants”.

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Tags:

Current AffairsDigitaldigital appDigital Marketingmsmesorganizationspaytm

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