This is Paytm’s plan to boost its lending business

Digital payments player Paytm is planning to take its online lending business across the country later this year as it looks to make it a major income stream. Last year in July, Paytm partnered with Clix Capital to offer loans as a deferred payment option for consumers and to merchants as credit lines.
Paytm’s senior vice president Saurabh Sharma told ET that so far it has been a pilot run which has provided inside case study. Now, the aim is to scale it up.
The online platform, owned by One97 Communications Ltd, has tied up with more non-bank lenders, towards this goal. “We are toying with a few more ideas for the lending business,” he said. Giving a lead to the lender is one of them.