Fullerton India ties up with PayTM to simplify digital lending for MSMEs in small cities
New Delhi, Jan 25 (KNN) Fullerton India and Paytm’s parent company One 97 Communications Ltd., have partnered to provide lending products to merchant partners and consumers and have decided to specifically tap into MSME borrowers across tier 2-3 cities.
The aim of this partnership is to bring credit to new-to-credit users with the help of data-driven insights from the two companies.
Utilising Fullerton’s deep risk assessment capabilities and scale, the program will offer Paytm Postpaid (buy-now-pay-later) to consumers on the Paytm platform.
Instant personal loans will also be provided through this partnership, which are end-to-end digitally originated and disbursed using Paytm’s technology and Fullerton’s pan India presence.
Bhavesh Gupta, CEO, Paytm Lending said, “We believe that there is a massive opportunity to provide access to credit to merchants in small cities and towns. We continue to solely focus on helping our blue-chip lending partners, to bring seamless credit products to our customers and merchants. Consumer credit has been growing exponentially through products like Paytm Postpaid and Personal Loans, which we believe can be further expanded through our partnership with Fullerton India.”