Paytm, Fullertone announce partnership for digital lending to MSMEs

“Fullerton India and One97 Communications Ltd., 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 wider reach to bring credit to new-to-credit users,” Fullerton India said in a statement.

With this partnership, fintech users will get Paytm Postpaid (Buy-Now-Pay-Later) feature on the Paytm platform. In addition, the partnership is set to offer lending products such as merchant loans. In addition, both companies have promised to expand their product offerings to include instant personal loans. “We have seen very well adoption of lending products among consumers and merchants on our platform. We believe there is a huge opportunity to provide merchants in smaller cities and towns with access to credit. We are fully committed to our blue-chip Bhavesh Gupta, CEO of Paytm, Bhavesh Gupta, Consumer credit is growing rapidly through products such as Paytm Postpaid and Personal Loan, which we through our partnership with Fullerton India and Can extend said loan.

Established in 2007, Fullerton India is one of the leading NBFCs, covering over 628 branches, covering 600 towns and around 58,000 villages. Sumitomo Mitsui Financial Group (SMFG)

SMFG holds 74.9% stake in Fullerton India Credit Company Limited. Fullerton Financial Holdings (FFH). Holds a 25.1% stake in Fullerton India Credit Company Limited and is an independently operated strategic and operational investor in financial and related services in emerging markets.