Paytm expands credit distribution business, extends higher ticket loans to consumers, merchants ...Middle East

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Paytm expands credit distribution business, extends higher ticket loans to consumers, merchants
New Delhi: Paytm, India’s leading mobile payments and financial services distribution company, on Wednesday said it will expand its credit distribution business in partnership with large banks and NBFCs by offering higher ticket personal and merchant loans to lower risk and high credit-worthy customers. Owing to the strong portfolio performance and widespread acceptance of loan distribution, Paytm witnessed encouraging early trends when the company started working in this direction last quarter. “As the lending distribution business is maturing, we see newer opportunities of expansion to offer high-value personal and merchant loans. We will continue to focus on originating the high portfoli

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