Paytm Collaborates with Clix Finance to Offer Instant Digital Loans

Paytm signed agreement with Clix Finance India Private Limited (Clix Finance) to offer short term digital loan service to Paytm customers and merchants through “Deferred Payment or Postpaid” and “Merchant Lines” facilities on Paytm platform. With this agreement, Paytm and Clix finance will launch various new products in coming months to match the customers demands.

Clix finance is a non-banking financial firm having office in Gurgaon India, offers various products in commercial and Retail lending. With help of technology company enabling loan services with minimum paper works, faster and simpler with good customer experience.

With this initiation Paytm customer and merchants will be benefited from the offer and will get completely digital loan on Paytm platform using proprietary machine learning models developed by Paytm and Clix finance. Product offering will include “Deferred Payment or Post-paid” and “Merchant Lines” amongst other products to Paytm customers and merchants.

Commenting on the partnership, Mr. Pramod Bhasin, Founder & Chairman, Clix said “At Clix, we use cutting-edge technologies and insightful innovation to drive lending models that are responsive to the needs of the end-customers and significantly expand financial inclusion. We are delighted to have partnered with Paytm, market leader in payment services across India, and I am confident that together we will co-create many unique and customised products that will work seamlessly to address unmet financial needs of millions of customers”

Mr. Nitin Misra, Senior Vice President, Paytm said, “We’ve seen an overwhelming response to Paytm Postpaid & Merchant lending products. With this partnership, we aim to bring our credit tested algorithmic lending products to a larger customer & merchant base.”

Sharing his views on the partnership, Mr. Bhavesh Gupta, CEO, Clix, said, “At Clix, our goal is to empower our customers by offering credit facilities that are seamlessly integrated in their purchase journeys. Built on customer-centricity and strong technological and analytical capabilities of both partners, we believe that our partnership with Paytm will be a significant step towards taking customer experience to a completely new level.”