Paytm is in talks with various banks to launch co-branded cards BANK NEWS
Paytm is in talks with the various banks to issue over two million new cards in the next 18 months, the company is pushing towards into the credit card issuance and management business.
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Paytm an Indian e-commerce payment system and fintech company is planning to launch its co-branded cards. Paytm is in talks with the various banks to issue over two million new cards in the next 18 months, the company is pushing towards into the credit card issuance and management business.
There is no doubt that the popular digital payment application is ready to set fire by giving finances linked credit cards to their customers along with various digital services.
The company mentioned that the main aim is to transform the credit market by enabling "new to credit" users to join the digital economy.
Bhavesh Gupta the CEO of Paytm Lending said, "In our country, credit cards are still considered a product for the affluent sections of the society and not everyone can avail of its benefits. At Paytm, our aim is to provide credit cards that benefit India's aspiring youth and evolved professionals."
"These cards are designed to help them lead a healthier financial life through managing and analysing spends to make well-informed decisions. This can transform the credit market by bringing 'new to credit' users into the formal economy,” he added.
Posted Date : 19-10-20
Categories : BANK NEWS
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