Paytm partners with HDFC Bank to provide solutions across payment gateway, POS machines and credit products

Fintech major Paytm on Monday announced a strategic partnership with India’s largest private sector lender HDFC Bank wherein the two companies will provide innovative digital solutions for financial transformation by combining their strengths in banking, lending, and digital payments space.

The latest move comes nearly a week after the Reserve Bank of India (RBI) allowed the private sector lender to start issuing new credit cards.

In a statement, Paytm said that through this partnership, the two financial institutions will build comprehensive solutions across payment gateway, POS machines and credit products including Paytm Postpaid which is a buy now pay later (BNPL) solution, easy EMI and Flexi pay, and more.