This, too, is done through the partnership model, where Paytm earns a fee for sourcing and servicing the loan for the lenders it partners with.Īpart from these, Paytm offers small value, short tenure personal loans through tie-ups with partners such as Hero Fincorp, Aditya Birla Finance, Clix Capital and Tata Capital. India’s Paytm has hit 200 million wallet users, CEO.
#Paytm app download offer 2017 code#
Promo Code Is Only Valid On JIO Recharges. Follow Below Steps To Avail Such Cashbacks. Recharge Your Jio Prepaid Moble Number Minimum Of Rs 300 To Get Rs 76 Cashback Today. It also provides credit facilities to merchants. In a country where cash is still king, a mobile app that offers online transactions is seeing 700,000 new users join the platform each day. Use Paytm Official Website For Cashback And Money Back On Selected JIO Prepaid Recharge Of Rs 309 & Rs 399. Since it was launched in 2020, the product saw quick adoption, said Bernstein without citing any data. Paytm Postpaid provides credit limits ranging from Rs 20,000 to Rs 1 lakh. Users can use their mobile wallets to access the product and make their purchases, with repayments structured in installments through the wallet.
The card has no minimum income criteria and can be offered to salaried as well as self-employed individuals, who use the Paytm application.Īmong its key lending products, Paytm Postpaid is a buy-now-pay-later scheme for consumer purchases, through tie-ups with banks and non-bank lenders. Paytm also offers co-branded credit cards along with SBI Cards & Payment Services Ltd. While Paytm Payments Bank cannot process loans on its own balance sheet, it can work with banks and non-bank lenders under the co-origination model. The tech-enabled broking platform for retail investors puts Paytm in direct competition with established players such as Zerodha, Upstox, and Groww, which are aiming to expand the base of stock traders beyond large cities. While it does not charge a fee for signing up on the broking platform, it charges a flat fee of Rs 10 per derivative trade, the lowest among its peers, Bernstein said. The company aims to add 4 lakh new demat accounts under the broking business. Under the broking business, it has seen 2 lakh users sign up for a new broking account. It has also added pension schemes and digital gold under Paytm Money. It currently has about 70 lakh users under the wealth management platform, with two-thirds of them being first-time equity investors. Apart from providing advisory services on the Paytm application, Paytm Money distributes mutual funds and has a broking facility, where investors can dabble in stocks. Paytm Money, set up in 2017, is the company’s investment and wealth management platform.
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