To broaden distribution of service provider loans to small cities and cities in India

One 97 Communications (Paytm) introduced a partnership with Piramal Capital & Housing Finance, herein referred as Piramal Finance, to
broaden distribution of service provider loans to the small cities and cities of India.

Piramal Capital & Housing Finance is a wholly-owned subsidiary of Piramal Enterprises and a longtime monetary companies firm in India.

This partnership will broaden Paytm’s mortgage distribution enterprise, supported by Piramal Finance’s broad community of over 300 branches throughout India. It’s going to additionally assist drive monetary inclusion by bringing access-to-credit to small companies and retailers.

Paytm has acquired numerous retailers from massive and small cities throughout the nation, amassing a big base which Piramal Finance plans to leverage and produce ease of credit score to small enterprise homeowners via data-driven underwriting together with credit score sanctions primarily based on enterprise earnings. Moreover, this partnership will likely be expanded
quickly to incorporate private loans, the place Piramal Finance brings its deep understanding of danger and buyer section.

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(This story has not been edited by Enterprise Commonplace workers and is auto-generated from a syndicated feed.)

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