TIL Desk/Business/New Delhi/ Digital payments player Paytm on Tuesday partnered non-banking financial company Clix Finance to offer instant digital loans to customers and merchants on its platform. The company would offer loans to Paytm customers and merchants through “Deferred Payment or Postpaid” and “Merchant Lines” facilities.
Using proprietary Machine Learning (ML) models developed by Paytm and Clix, millions of Paytm customers and merchants will get instant completely digital loans on the Paytm platform, the company which is owned by One97 Communications Limited, said in a statement. “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, said Nitin Misra, Senior Vice President, Paytm. Over the next few months, Clix and Paytm will introduce several new products to further enhance customer experience and meet customer demand.
