Paytm expands credit services, and offers larger loans to consumers and merchants

Nifty at record high for seventh consecutive day and Paytm expands credit business

पेटीएम ने क्रेडिट बिजनेस का किया विस्तार; उपभोक्ताओं, व्यापारियों को दिए लोन

India’s leading mobile payments and financial services delivery company Paytm on Wednesday said it will expand its credit business in partnership with large banks and NBFCs. It will offer business loans to low-risk individuals.

Due to strong portfolio performance and wide acceptance of lending, Paytm saw encouraging results when it started working in this direction last quarter.

A Paytm spokesperson said, “As the lending business grows, we are looking at new opportunities to expand to offer personal and business loans. We will continue to focus on generating high portfolio quality for our partners. We have seen massive acceptance for our loan distribution business, so we believe this expansion will help us grow the business.”

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