Paytm partners with Clix to meet loan crisis of MSMEs
New Delhi, July 23 (KNN) With an aim to provide instant loans to the MSMEs and self-employed people, Paytm has partnered with Clix Finance India Pvt. Ltd.
The company would offer loans to Paytm customers and merchants through "Deferred Payment or Postpaid" and "Merchant Lines" facilities.
The company targets new-to-credit, self-employed, small and micro enterprises and small borrowers, who are largely underserved and face difficulties to get loans, the digital commerce company ‘Paytm’ said.
"We have seen an overwhelming response to Paytm postpaid and merchant lending products. With this partnership, we aim to bring our credit tested algorithmic lending products to a larger customer and merchant base, said Nitin Misra, Senior Vice President, Paytm.
Over the next few months, Clix and Paytm will introduce several new products to further enhance customer experience and meet customer demand.
"Together, we will co-create many unique and customized products that will work seamlessly to address unmet financial needs of millions of customers," said Pramod Bhasin, Founder and Chairman, Clix.