• Privacy Policy
  • About Us
  • Contact Us
  • Home
  • Business
  • Computers
  • Gear
  • Real Estate
  • Review
  • Technology
No Result
View All Result
  • Home
  • Business
  • Computers
  • Gear
  • Real Estate
  • Review
  • Technology
No Result
View All Result
Cartographeum
No Result
View All Result

Paytm to issue co-branded credit cards

Juliet Woodard by Juliet Woodard
October 19, 2020
Home Business
Share on FacebookShare on Twitter

Digital financial services platform Paytm on Monday said it would be partnering with various card issuers to introduce co-branded credit cards, with an aim to issue two million such cards in the next 12-18 months.In a statement, the company said it had designed digital experience on its app that would allow users to manage their overall spends and have full control over the card usage. These credit cards will be issued based on the traditional credit score as well as the user’s purchase patterns on Paytm.“Our aim is to provide credit cards that benefit India’s aspiring youth and evolved professionals,” said Bhavesh Gupta, CEO, Paytm Lending.“The cards are designed to help them lead a healthier financial life,”he added. through managing and analysing the spends to make well-informed decisions. This can transform the credit market by bringing ‘new-to-credit’ users into the formal economy.”India’s credit card coveragepenetration stands at about 3% compared with 320% in markets such as the United States, the company noted, adding that with its digital application process, alternate (spend-based) underwriting, and minimal documentation, it aims to capture at least 10% of this largely untapped market.The service will also include options to safeguard users against fraud by switching off the card for contactless payments or international transactions when not required. “Paytm’s credit card will provide insurance protection against fraudulent transactions to protect users’ money. This service will also come with a personalised spend analyser helping in assessing expenses and planning future spends smartly.”

A letter from the Editor
Dear subscriber,Thank you!Your support for our journalism is invaluable. It’s a support for truth and fairness in journalism. It has helped us keep apace with events and happenings.The Hindu has always stood for journalism that is in the public interest. At this difficult time, it becomes even more important that we have access to information that has a bearing on our health and well-being, our lives, and livelihoods. As a subscriber, you are not only a beneficiary of our work but also its enabler.We also reiterate here the promise that our team of reporters, copy editors, fact-checkers, designers, and photographers will deliver quality journalism that stays away from vested interest and political propaganda.Suresh Nambath

Tags: PaytmPaytm credit cardsPaytm to issue co-branded credit cards
Juliet Woodard

Juliet Woodard

Next Post
TikTok Parent ByteDance Says App Will Be Its Subsidiary Under Deal With Trump

TikTok Pakistan Ban Lifted After Company Vows to Moderate Content

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended.

PUBG Mobile Removed From App Store, Google Play in India

PUBG Mobile Removed From App Store, Google Play in India

September 4, 2020
Samsung Galaxy S21 Ultra Render Show Penta Rear Camera Setup, Production Tipped to Have Begun

Samsung Galaxy S21 Ultra Render Show Penta Rear Camera Setup, Production Tipped to Have Begun

October 31, 2020

Trending.

Understanding Emergency Rental Assistance For Landlords And Tenants

Understanding Emergency Rental Assistance For Landlords And Tenants

January 27, 2021
Facebook Bars Deceptive Campaign From Pro-Trump Group

Facebook Bars Deceptive Campaign From Pro-Trump Group

October 10, 2020
Nirmala Sitharaman press meet live | Centre announces Atmanirbhar Bharat Rozgar Yojana for formal sector

Nirmala Sitharaman press meet updates | Finance Minister announces 12 schemes to boost economy

November 12, 2020
Missing Middle Housing Is A Huge Opportunity Offering Resilient Investment And High Demand

Missing Middle Housing Is A Huge Opportunity Offering Resilient Investment And High Demand

February 17, 2021
Sensex rises over 200 points in early trade

Business Live: Shares drop after Wall Street selloff; financials weigh

September 4, 2020

Cartographeum brings you the latest information about Tech,Real Estate & Business.

Follow Us

Categories

  • Business
  • Computers
  • Gear
  • Real Estate
  • Review
  • Technology
  • Uncategorized

Tags

Amazon Apple Watch 2 Bombay stock exchange BSE Business Buying Guides china closing trade coronavirus Covid COVID-19 currency dollar rate economy Finance Ministry foreign exchange forex gold india indian economy Indian stock market Industry iOS 10 lockdown luxury homes market and exchange markets nifty Nirmala Sitharaman NSE oil pandemic Playstation 4 Pro rbi real estate Reserve Bank of India rupee rupee rate Rupee value rupee vs dollar sensex Sillicon Valley stock exchange Stocks USD

Recent News

Women Building Careers In Construction

Women Building Careers In Construction

March 9, 2021
20 Ways To Celebrate International Women’s Day With Residential Wellness Design Gifts

20 Ways To Celebrate International Women’s Day With Residential Wellness Design Gifts

March 8, 2021
  • Privacy Policy
  • About Us
  • Contact Us

© 2021 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result
  • Home
  • Review
  • Computers
  • Gear

© 2021 JNews - Premium WordPress news & magazine theme by Jegtheme.