Disclaimer: We may earn a commission if you make any purchase by clicking our links. Please see our detailed guide here.

Follow us on:

Google News

Paytm partners with Clix Finance to offer instant digital loans

Moupiya Dutta
Moupiya Dutta
She finds it interesting to learn and analyze society. she keeps herself updated, emphasizing technology, social media, and science. She loves to pen down her thoughts, interested in music, art, and exploration around the globe.

Join the Opinion Leaders Network

Join the Techgenyz Opinion Leaders Network today and become part of a vibrant community of change-makers. Together, we can create a brighter future by shaping opinions, driving conversations, and transforming ideas into reality.

Partnering with non-banking financial company Clix Finance, Paytm on Tuesday announced that now it would offer instant digital loans to customers and merchants. This new initiative would help the small and the micro-enterprise that goes through a hard time to find loans from a regular bank.

Paytm has officially stated that it would use proprietary machine learning models that will offer instant digital loans on the Paytm platform.

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 – Nitin Misra, Senior Vice President, Paytm

Both the companies are expected to launch other new products within the next few months to enhance customer experience and fulfill their demand. Pramod Bhasin, Founder, and Chairman of Clix say that partnering with Paytm will help them co-create many unique and customized products that will meet the financial needs of their clients.

Recently Paytm has announced another initiative in the educational sector like easy educational loans, insurance, smart cards for students.


Partner With Us

Digital advertising offers a way for your business to reach out and make much-needed connections with your audience in a meaningful way. Advertising on Techgenyz will help you build brand awareness, increase website traffic, generate qualified leads, and grow your business.

Power Your Business

Solutions you need to super charge your business and drive growth

More from this topic