Through this alliance, the lending process is to be simplified via speed enhancement, transparent pricing, improved customer experience and reduced borrowing cost for businesses of all sizes.
Paytm is keen on expanding its seller base and plans to focus on SME development.
Lendingkart uses Big Data analytics and other proxies to assess the creditworthiness of the small business owners wherein most of the credit risk analysis is done digitally so that loans can be disbursed in less than 48 hours even in the semi-urban and tier-2 cities.
Alibaba Group and Ant Financial Services Group and One97 Communications, the parent company of Paytm, have agreed to make a strategic investment in Paytm earlier this year.
The Paypers is the Netherlands-based leading independent source of news and intelligence for professional in the global payment community.
The Paypers provides a wide range of news and analysis products aimed at keeping the ecommerce, fintech, and payment professionals informed about the latest developments in the industry.
Current themes
No part of this site can be reproduced without explicit permission of The Paypers (v2.7).
Privacy Policy / Cookie Statement
Copyright