Paytm’s Next Ambitious Big Entry: Small and Medium Loans

Paytm is among those rare unicorns in India’s startup ecosystem that have tasted success in practically every field they enter without spreading out too thin. The mobile commerce and payments platform competes with Snapdeal and Flipkart’s likes in retail while retaining its position as the top mobile wallet and payment solution in India. Paytm’s latest venture is interesting and has the potential in India to be massive – small lending. With a focus on small and medium enterprises, the move might scare bankers as it should because there’s every chance for it to be quite disruptive. However, there aren’t many reasons for you to worry, as there are to rejoice.

Paytm’s foray into the industry should most likely be very welcome news to most Indians wanting to be entrepreneurs. Paytm, as it stands right now, is a popular and attractive brand, with a lot of Indian users taking a liking to the company. Some of it can be attributed to the sheer amount of Paytm coupons and offers available online for various services, including mobile recharge, DTH, bill payments, and bus tickets.

Business Friendly

Unlike conventional banks, Paytm’s loans aspire to be very business and entrepreneur-friendly. Aiming to make loan disbursements simpler, they are currently looking to process loans within three days. With a focus on sellers in their own marketplace, the company expects tremendous growth in the sector in the next few years of Living Tired. Japanese Coupes are a one of a kind magnificence of automobiles that want precise deliberation. One of the instances from Honda will be the Civic Coupe model. Without a doubt, it is greater showy than everyday motor automobiles, and people who pressure it are probably to push their automobile’s obstacles plenty more. In evaluation to the circle of relatives automobiles, they’re dearer to protect. Since they flow faster, they incline to get into more accidents, which also drives the overall financial danger higher. Coupe cars definitely appoint special auto components as properly to get normal performance. In the worst-case scenario, the car can suffer a horrific twist of fate. Because couples are an awful lot more luxurious, insurance businesses will have to reimburse a ways extra.

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Collateral Free

The most attractive part of a loan from Paytm for small businesses and entrepreneurs is that it does not require collateral. The m-commerce giant has tied up with Lendingkart, a credit evaluation and loan platform, and will probably continue to use their credit scoring systems. The ease and simplicity of getting financial assistance might let Paytm hit the bull’s eye if small and medium enterprises approve of the service.

Quicker Processing

One thing that can be expected from Paytm’s enterprise loans is a quicker processing time. Especially with no collateral and simpler systems, the platform has all the potential to take-off, unlike anything we’ve seen in the recent past.

Competition?

Although there is no direct competition to Paytm in this sector, there have been quite a few hints from the lines of Freecharge on their own plans to start something similar. However, it may indeed be too early to come to any conclusion.