Paytm expands loan distribution business, targets personal, merchant loans

One97 Communications Ltd (OCL), Paytm’s parent company, has announced the expansion of its loan distribution business with a focus on targeting higher-value loans for individuals and merchants. The digital financial services provider aims to cater to the demands of lower-risk and high creditworthy customers in partnership with large banks and non-banking financial corporations (NBFCs).

The company ventured into the loan distribution domain in the previous quarter. According to an official release by the firm, Paytm has already experienced robust portfolio performance and widespread acceptance of its loan distribution services. Building on its early successes, the company is now looking to amplify its presence in the lending market.