Paytm partners with Suryoday Small Finance Bank to offer instant digital loans to MSMEs
This is the first lending partnership for Paytm with a small finance bank to help merchants get loans seamlessly.
India’s home-grown digital financial services platform Paytm today announced its partnership with Suryoday Small Finance Bank to empower MSMEs with instant digital loans. The company is furthering the cause of financial inclusion by offering instant microloans to businesses that are unable to access financial services from traditional banking players. The company through this partnership is aiming at disbursing loans to over 1 lakh small businesses in the next 12 months to 18 months.
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