MENU × BUSINESS
Banking And InsuranceCryptocurrencyDigital MarketingErpFood And BeveragesHealthcareLegalMarketing And AdvertisingMedia And EntertainmentMetals And MiningOil And GasRetailTelecom
TECHNOLOGY
Artificial IntelligenceBig DataCloudCyber SecurityE CommerceEducationGaming And VfxIT ServiceMobileNetworkingSAPScience And TechnologySecuritySoftwareStorage
PLATFORM
CiscoDatabaseGoogleIBMJuniperM2MMicrosoftOracleOracleRed Hat
LEADERSHIP
CEO ReviewCompany Review
MAGAZINE
ASIA INDIA
STARTUPS CLIENT SPEAK CONTACT US

The Silicon Review Asia

A Win-Win Strategy: Paytm and Clix Finance Partner to Provide Instant Digital Loans

A Win-Win Strategy: Paytm and Clix Finance Partner to Provide Instant Digital Loans

Indian e-commerce payment system and digital wallet company, Paytm, partners with non-banking company Clix Finance to offer instant digital loans to merchants and customers on its platform, News 18 reported.

“We have seen an overwhelming response to Paytm post-paid 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, according to the report, will introduce several new products to further enhance customer experience and meet customer demand.

“Together, we will co-create many unique and customised products that will work seamlessly to address unmet financial needs of millions of customers,” said Pramod Bhasin, Founder and Chairman, Clix.

There are nearly 60 million MSMEs in India that need to go digital. Alibaba-backed Paytm has over 200 million users in the country, the report added.

Meanwhile, Paytm’s e-commerce arm Paytm Mall announced its collaboration with American multinational e-commerce company eBay, which has acquired 5.5 percent share in Vijay Shekhar Sharma’s Paytm Mall in a move that is expected to create a strong foothold in the domestic e-commerce market for the American company. eBay has already ventured and failed twice to get a significant share in the Indian e-commerce market, Financial Express reported.

YOU MAY ALSO LIKE

Marketing Partnership: NBA, McDonald’s Will Jointly open NBA Experience Zones India

There is good news for all basketball fans in India. Very soon, NBA themed promotions and experience zones will be launched in India. The announcement...

Dunzo to Raise Funds from Google, others

Dunzo, the app which is trying to make life easier for the people upto some extent plans to raise about Rs. 183 crore from different investors which a...

Sapta Shakti Command Will Be Displaying Defence Technology Equipment at Jaipur Military Station

This event is organised with an aim to provide an opportunity where one and all can experience the developments in the field of defence and security-r...

Samsung is All Set to Roll out Its Galaxy A9 Smartphone On November 20

After Samsung unveiled its new Galaxy A9 smartphone in Singapore last month, the company is all set to launch it in India on November 20. In Singapore...

RECOMMENDED