Fullerton India and Paytm are joining hands to offer digital lending
Fullerton India and Paytm – Paytm’s parent firm, One97 Communications, and Fullerton India, an NBFC, established a collaboration on Monday to lend its items to merchant partners and consumers. According to the companies, the platforms will use data-driven insights and their extensive reach to provide loans to new-to-credit clients.
With Fullerton’s strong risk assessment capabilities and scalability, the initiative will offer Paytm Postpaid, a buy-now-pay-later option, to millions of consumers on the site. The companies will expand their product offerings to include instant end-to-end digitally created personal loans, which will be disbursed using Paytm’s technology and Fullerton’s presence.
The partnership will also offer merchant loans across the United States. Paytm and Fullerton India will create a vast network to support MSMEs in small towns and villages, allowing them to grow their enterprises. The businesses intend to develop new merchant loan solutions based on consumer payment behavior and Fullerton’s industry experience.
Paytm Lending CEO Bhavesh Gupta said, “We believe there is a significant opportunity to provide access to loans to retailers in small cities and villages.”
Our only focus remains on assisting our blue-chip lending partners in providing seamless credit solutions to our clients and merchants. Consumer credit has been expanding at an exponential rate thanks to products like Paytm Postpaid and Personal Loans, which we feel can be expanded even further with our platform.
Fullerton India and Paytm
Paytm Lending CEO Bhavesh Gupta said, “We believe there is a significant opportunity to provide access to loans to retailers in small cities and villages.” Our sole aim is to help our blue-chip lending partners provide smooth credit solutions to our clients and merchants.
Consumer credit has been increasing at an exponential rate thanks to products like Paytm Postpaid and Personal Loans, and we feel that our cooperation with Fullerton India will help us to expand this even further.
According to Shantanu Mitra, CEO and MD of Fullerton India, buy-now-pay-later would continue to offer considerable opportunities in the future.
“At the time of business transactions and orders, we realize the value of rapid and convenient credit facilities for merchants and small businesses,” he said.
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