Paytm partners HDFC Bank to offer solutions across payment gateway, PoS machines and credit products

Online payment platform Paytm has announced a strategic partnership with HDFC Bank. With the new partnership, the duo seeks to combine their strengths in the banking, lending, and digital payments space and drive digital solutions for financial transformation in the country.

Through this partnership, Paytm and HDFC Bank will build comprehensive solutions across payment gateway, PoS (Point of Sales) machines and credit products including Paytm Postpaid. The Paytm Postpaid is Buy Now Pay Later (BNPL) solution with easy EMI and flexi pay options. The first leg of the partnership will include payment gateway and PoS solutions for merchant partners across the country. It also aims to empower the new businesses and enable them to scale up further.