Paytm, Fullertone announce partnership to scale up digital lending to MSMEs
2 years, 11 months ago

Paytm, Fullertone announce partnership to scale up digital lending to MSMEs

Live Mint  

"Fullerton India and One97 Communications Limited, which owns the brand Paytm, India’s leading digital payments and financial services platform, have announced a partnership to provide lending products to merchant partners and consumers. With the partnership, the two established institutions will leverage data-driven insights and wide reach to bring credit to new-to-credit users," Fullerton India said in a statement. Besides, the partnership is set to offer lending products like merchant loans. 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," Bhavesh Gupta, CEO, Paytm Lending said.

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History of this topic

Paytm’s Singapore arm approves stake sale in Japan’s PayPay
2 weeks, 4 days ago

Paytm’s Singapore arm approves stake sale in Japan’s PayPay

Live Mint  

Paytm's parent company, One97 Communications, on Friday, December 6, 2024, approved the sale of its stake in Japan’s credit card company PayPay Corporation. One97 Communications Singapore, a wholly-owned subsidiary of Paytm's Singapore arm, ‘Paytm Singapore’, approved the sale of its stake to the Japanese digital payments company. "We wish to clarify that we have been informed by One97 Communications Singapore …

Paytm founder Vijay Shekhar Sharma-backed Pai Platforms launches shopping app
8 months, 2 weeks ago

Paytm founder Vijay Shekhar Sharma-backed Pai Platforms launches shopping app

Hindustan Times  

Pai Platforms, backed by Paytm founder Vijay Shekhar Sharma, launched a shopping app on the Open Network for Digital Commerce, it was reported. The report comes two months after Paytm E-commerce Private Limited rebranded itself as Pai Platforms and acquired Bitsila, a seller-side platform on ONDC. Government-backed ONDC has become an important focus area for Paytm where it sees its …

Paytm resumes lending with two partners, in talks with Muthoot Finance: Report
8 months, 3 weeks ago

Paytm resumes lending with two partners, in talks with Muthoot Finance: Report

Hindustan Times  

Paytm resumed lending activities after a temporary pause of almost two months starting with merchant loans in partnership with SMFG India Credit and Shriram Finance, Moneycontrol reported citing people in the know. Over 500 crore loans have been disbursed so far, which includes both top-ups from existing merchants and some new loans.” This comes almost two months after Paytm halted …

Paytm gets third-party app license from NPCI to perform UPI transactions
9 months, 1 week ago

Paytm gets third-party app license from NPCI to perform UPI transactions

India TV News  

Paytm, the leading digital payments platform in India, has been granted a third-party application provider license by the country's payments authority. License to ensure seamless payments The newly acquired license enabled Paytm to serve as a third-party application provider, allowing customers to conduct transactions through India's unified payment interface. Partnerships with leading banks Axis Bank, HDFC Bank, State Bank of …

NPCI to examine Paytm's third-party app request for UPI: RBI
10 months ago

NPCI to examine Paytm's third-party app request for UPI: RBI

Hindustan Times  

The Reserve Bank of India on Friday said it has advised National Payments Corporation of India to examine One97 Communication Limited's request seeking approval for the Third-Party Application Provider route for continuation of Paytm's Unified Payments Interface services. Paytm Payments Bank cannot onboard new customers after March 15 One97 Communication Limited is the parent firm of fintech major Paytm. On …

Paytm’s Downfall: Once valued at over Rs 18,300 cr, stock sees another 20% dip, now at Rs 487
10 months, 3 weeks ago

Paytm’s Downfall: Once valued at over Rs 18,300 cr, stock sees another 20% dip, now at Rs 487

Firstpost  

After seeing its shares fall by 20 per cent on Thursday, the day, after the Reserve Bank of India took decisive action against Paytm Payments Bank and prohibited them from offering its core services, including accounts and wallets, effective from March, shares of the troubled fintech company, dropped by another 20 per cent. Additionally, the central bank instructed the termination …

Paytm In Talks With Major Banks For Nodal Account Migration; Expects Completion In Some Days
10 months, 3 weeks ago

Paytm In Talks With Major Banks For Nodal Account Migration; Expects Completion In Some Days

ABP News  

India’s leading payments and financial services distribution company Paytm is in discussion with large banks to migrate nodal accounts and comply with the regulatory norms by February 29. Vijay emphasized Paytm’s proactive approach in collaborating with banks for two years, signaling a decrease in dependency on Paytm Payments Bank. “We maintain multiple nodal accounts for various businesses that Paytm and …

Fair On Paytm's Part To Go Slow, Say Analysts As Firm Focusses On Large Ticket Personal, Merchant Loans
1 year ago

Fair On Paytm's Part To Go Slow, Say Analysts As Firm Focusses On Large Ticket Personal, Merchant Loans

ABP News  

Paytm in an update on loan distribution business, announced to redouble their effort on large ticket personal and merchant loans, targeting lower risk and high credit worthy customers, in partnership with large banks and NBFCs. The fintech giant eyes robust growth in merchant loans and healthy growth in personal loans, aided by higher ticket size lending, it is learnt. Paytm …

Paytm Loan Distribution Biz Higher Ticket Loans Consumers Merchants to Onboard More Lending Partners
1 year ago

Paytm Loan Distribution Biz Higher Ticket Loans Consumers Merchants to Onboard More Lending Partners

ABP News  

Paytm, India’s leading mobile payments company, provided an update and outlook on its loan distribution business on Wednesday. Further on the back of recent macro development and regulatory guidance, in consultation with lending partners, in line with its continued focus on driving a healthy portfolio, the company has recalibrated the portfolio origination of less than ₹50,000, which is prominently the …

Paytm to reduce small-ticket loans after RBI tightens consumer lending norms
1 year ago

Paytm to reduce small-ticket loans after RBI tightens consumer lending norms

Live Mint  

After the Reserve Bank of India tightened rules on consumer lending, Paytm has decided to cut down on disbursing loans under ₹50,000, said the digital payments firm on Wednesday. The company is planning to reduce the proportion of small-ticket loans, also called postpaid loans, from its future loan distribution business. Now, the company would focus on the expansion of its …

Paytm expands credit services, and offers larger loans to consumers and merchants | Deets
1 year ago

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

India TV News  

Paytm, one of the leading mobile payments and financial services distribution companies of India said that it will expand its credit distribution business. With the widespread acceptance of loan distribution and strong portfolio performance, Paytm witnessed encouraging early trends when the company started working in this direction last quarter. The spokesperson of Paytm said, "As the lending distribution business is …

Paytm records 20% rise in monthly users in July-August, GMV up 43%
1 year, 3 months ago

Paytm records 20% rise in monthly users in July-August, GMV up 43%

Live Mint  

Mumbai: One97 Communications Ltd, which runs the brand Paytm, reported a 20% year-on-year growth in average monthly transacting users at 94 million in the July-August period from 79 million in the same period last year. In August 2023, Paytm disbursed loans worth ₹5,517 crore through its lending platform, the company said in a press release. The company's merchant payment volumes …

Paytm eyes India-scale AI system; fintech investing to build new software stack
1 year, 4 months ago

Paytm eyes India-scale AI system; fintech investing to build new software stack

Live Mint  

One97 Communications Limited, which owns the brand Paytm, is investing in artificial intelligence with an eye on building artificial general intelligence software stack. In his letter, Sharma mentioned that Paytm's next contribution for India's Digital revolution after mobile payments, will be – small mobile credit with high credit quality and fully compliant with the regulators' guidelines. Paytm announced its April-June …

Paytm strengthens merchant payments leadership, deploys 71 lakh devices in April
1 year, 7 months ago

Paytm strengthens merchant payments leadership, deploys 71 lakh devices in April

Live Mint  

Paytm has further cemented its leadership in merchant payments. “We continue to strengthen our leadership in offline payments, with 71 lakh merchants now paying subscription for payment devices, an increase of 3 lakh in the month of April 2023. With our subscription as a service model, the strong adoption of devices drives subscription revenues and higher payment volumes, while increasing …

Decoding The Success And Rapid Revenue Growth of Paytm
1 year, 7 months ago

Decoding The Success And Rapid Revenue Growth of Paytm

The Quint  

Paytm, which started out as a digital wallet and payment app, has transformed the way Indians transact. Ramping up the sale of these devices has helped Paytm achieve continuous growth in subscription and merchant discount rate revenues from offline merchants. Paytm has recently seen a rapid growth in their loan distribution business where they give out loans to their customer …

Paytm wins banking regulator extension for payment aggregator license: Report
1 year, 8 months ago

Paytm wins banking regulator extension for payment aggregator license: Report

Hindustan Times  

Indian financial technology company Paytm Payments Services Ltd has received an extension from the country's banking regulator to apply for a payment aggregator licence and aims to reapply in about 15 days, the company said on Sunday. Read here: UPI payments of up to ₹200 can now be done without pin — Paytm makes it possible with UPI LITE Paytm …

Paytm Announces Upgraded Payments Platform Launch With Indigenous Technology
1 year, 8 months ago

Paytm Announces Upgraded Payments Platform Launch With Indigenous Technology

Hindustan Times  

● Massive upgrade of Paytm’s payments platform through an indigenous full-stack development will further boost digital payments in the country. Paytm Announces Upgraded Payments Platform Launch With Indigenous Technology ● Aimed at significantly enhancing consumer experience of digital payments through much better success rate, speed and security One97 Communications Limited that owns the brand Paytm, India’s leading payments and financial …

Paytm unveils fully indigenous technology-powered upgraded payments platform
1 year, 8 months ago

Paytm unveils fully indigenous technology-powered upgraded payments platform

Live Mint  

Paytm, the payments and financial services platform owned by One97 Communications, has announced the release of its new technology platform developed entirely in-house. The company claims that Paytm has been a game-changer in the mobile, QR, and soundbox payments space, and its new platform is set to revolutionize digital transactions, making financial services more accessible and affordable. Paytm, which has …

Paytm partners with Samsung Store to deploy smart PoS devices and more offers Paytm Postpaid
2 years, 4 months ago

Paytm partners with Samsung Store to deploy smart PoS devices and more offers Paytm Postpaid

India TV News  

Paytm, a leading digital payments and financial services company has partnered with Samsung authorized stores across India. Also, customers can purchase Samsung devices — laptops, smartphones, television sets, smart watches, refrigerators and more, from any authorized store located in India and will be able to pay via a host of flexible payment options offered by Paytm including— Paytm UPI, Paytm …

Paytm Seeing Excellent Growth, to be Profitable by September 2023: CEO Vijay Shekhar Sharma
2 years, 4 months ago

Paytm Seeing Excellent Growth, to be Profitable by September 2023: CEO Vijay Shekhar Sharma

News 18  

Paytm Annual Report: Paytm is set to achieve profitability by September 2023, the mobile payments and financial services company’s managing director and chief executive officer Vijay Shekhar Sharma has said in a note to its shareholders. As per the annual report filed with stock exchanges, Paytm said its revenue from operations jumped by as much as 77 per cent YoY …

The inside story of Paytm’s lending pivot
2 years, 6 months ago

The inside story of Paytm’s lending pivot

Live Mint  

NEW DELHI : 2020 will be year of lending, globally," Paytm’s founder and CEO Vijay Shekhar Sharma had tweeted, a grimacing face emoji completing the sentence. “Paytm’s lending business has been scaling up well, while maintaining good credit metrics, which should further help allay investor concerns," Goldman Sachs stated in its earnings review report. “The offline payments business is reporting …

Buy now pay later and its financial inclusion scope
3 years, 3 months ago

Buy now pay later and its financial inclusion scope

Live Mint  

US fintech giant Square recently announced an all-stock acquisition of ‘buy now pay later’ leader Afterpay. Launched in 2015 by Afterpay in Australia, BNPL is a way for users to pay later for their e-commerce buys with limited credit checks and a slick payment experience. PayPal is a notable incumbent which launched a pay later product Pay in 4, while …

Paytm Offers Rs 1,000 Loan Every Month for Mobile Recharge, Electricity Bills
3 years, 5 months ago

Paytm Offers Rs 1,000 Loan Every Month for Mobile Recharge, Electricity Bills

News 18  

Fintech giant and payment gateway company, Paytm, has launched a new service on its platform called the ‘Postpaid Mini’ which is a part of its ‘Buy Now Pay Later ’ services. Since Paytm is an established brand across the nation and has its Paytm Postpaid services present across 550 cities in India, the benefits fall to the user in terms …

Paytm Adds 'Postpaid Mini' Service to Help Users Get Small Instant Loans
3 years, 5 months ago

Paytm Adds 'Postpaid Mini' Service to Help Users Get Small Instant Loans

News 18  

Paytm has announced the launch of Paytm Postpaid Mini, an extension of its Buy Now, Pay Later service. The company says that these “small ticket instant loans” would give customers flexibility and manage household expenses to maintain liquidity during the ongoing COVID-19 pandemic. The Paytm Postpaid Mini service has been launched in partnership with Aditya Birla Finance. The digital payments …

Shopping Therapy? Your Favorite Store Gets An Advantage If They Receive Bill Payments With Paytm
3 years, 9 months ago

Shopping Therapy? Your Favorite Store Gets An Advantage If They Receive Bill Payments With Paytm

News 18  

India’s leading digital payments platform Paytm is really upping the stakes in the competition between payments gateway services. The company says that their All-In-One Payment Gateway services gives merchants the ability to accept and process online payments, with quicker payment settlement timelines and significantly lower transactions fees across the board—in fact, there is absolutely no transaction fees for any payments …

Paytm Clocks 1.2 Billion Monthly Transactions As Atmanirbhar Digital Bharat Push Reaps Rewards
3 years, 9 months ago

Paytm Clocks 1.2 Billion Monthly Transactions As Atmanirbhar Digital Bharat Push Reaps Rewards

News 18  

Indian digital payments platform Paytm has clocked more than 1.2 billion monthly transactions and says that this 15% month-on-month growth means that the platform recorded the most number of transactions among all digital payments platforms. Paytm says that there has been a steady increase in the number of users who use the platform for digital payments, also availing financial services …

Paytm's New Instant Personal Loans Service Will Provide Loans of Up To Rs 2 Lakh Within 2 Mins
3 years, 11 months ago

Paytm's New Instant Personal Loans Service Will Provide Loans of Up To Rs 2 Lakh Within 2 Mins

News 18  

Paytm, India’s leading digital finance services platform has launched new Instant Personal Loans on its platform to facilitate access to credit services to its 1 million customers. The loans in Paytm’s Instant Personal Loans initiative would be processed and disbursed by NBFCs and banks. Under the new Instant Personal Loan scheme, Paytm will offer instant loans of up to Rs. …

Paytm Merchants Can Now Receive Unlimited Wallet Payments With Zero Percent Fee
4 years ago

Paytm Merchants Can Now Receive Unlimited Wallet Payments With Zero Percent Fee

News 18  

Digital payments company Paytm has announced that Paytm merchants can now receive unlimited payments through Paytm Wallet, UPI and Rupay cards at zero percent fee. Speaking about the development, Kumar Aditya, Paytm senior vice president said, “We are empowering our merchant partners across the country to accept wallet payments and get them directly into their bank account without worrying about …

Paytm announces 0% fee on wallet payments for merchants
4 years ago

Paytm announces 0% fee on wallet payments for merchants

Live Mint  

Fintech major Paytm on Thursday announced that that merchants can now receive unlimited payments through Paytm Wallet at 0% fee, along with UPI and Rupay Cards. "The move will benefit more than 17 million merchants who will enjoy a 0% fee on all their digital payments with direct settlement in their bank accounts," the company said in a statement. Kumar …

Paytm postpaid launches flexible EMI options
4 years, 1 month ago

Paytm postpaid launches flexible EMI options

Live Mint  

Paytm, India’s leading digital financial services platform, announced that the users of its postpaid service can now convert their spends into EMIs. From daily purchases from neighbourhood kirana stores to high-value shopping at popular retail destinations, Paytm Postpaid services can be accessed across a large cross-section of the retail space. Paytm has continued to expand its postpaid services with strategic …

Paytm to double loan disbursement to Rs 1,000 cr for MSMEs
4 years, 1 month ago

Paytm to double loan disbursement to Rs 1,000 cr for MSMEs

India TV News  

Financial services platform Paytm on Monday announced to double its loan disbursements for the micro- and small and medium enterprises from Rs 550 crore in last fiscal year to Rs 1,000 crore by March 2021. "With our collateral-free instant loans, we are trying to help kirana stores and other small business owners who have been left behind by the traditional …

Paytm credit card coming soon, around 2 million cards to be issued in 18 months
4 years, 2 months ago

Paytm credit card coming soon, around 2 million cards to be issued in 18 months

India Today  

Paytm on Monday has announced that it is coming up with credit cards to make it easier for new users to join the credit market. This can transform the credit market by bringing 'new to credit' users into the formal economy.” With its credit card, Paytm aims to bring the credit card experience to the young professionals and the college-goers. …

Paytm grabs 50% share in merchant payments space: Report
4 years, 4 months ago

Paytm grabs 50% share in merchant payments space: Report

India TV News  

Paytm has grabbed 50 per cent share in the payments to merchants segment in India and the financial services platform has emerged as the most integrated payments provider in the fintech space, a new report said on Monday. When asked from which payments app do you accept payments, over 68 per cent of merchants cited Paytm," the findings showed. According …

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