Paytm partners with Piramal Finance to offer loans

In order to increase the availability of merchant loans in India’s smaller cities and villages, Paytm on Wednesday announced a partnership with Piramal Capital & Housing Finance.

The maximum credit amount for merchants is Rs 10 lakh, with terms ranging from 6 to 24 months. According to Paytm, personal loans would soon be included in the partnership between the company and Piramal Finance.