Since its debut on Dalal Street three years ago, Paytm has been battling several challenges. View Full Image Source: Tijorifinance Financial services The RBI's action caused Paytm’s operating model to change significantly as lenders turned cautious. View Full Image Source: Tijorifinance During Q2 FY25, 600,000 unique consumers and merchants availed of financial services through Paytm, up from 590,000 during Q1 …
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, 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 …
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 …
