- They will work to offer collateral-free instant digital loans to MSME sector.
- This partnership is said to be the first partnership of Paytm with SFB.
- They will offer instant microloans to MSMEs which are unable to access financial services from traditional banks.
- Through this partnership, they will disburse loans to over 1 lakh small businesses in the next 12 months to 18 months.
- Also Paytm is offering a completely digital and hassle-free loan service for MSMEs and Suryoday Small Finance Bank will focus on delivering products with great customer experience.
- The partnership is based on API which will offer a secured, intelligent, and connected digital experience to its MSME customers.
- Static Part:
- HQ of Paytm: Noida, UP
- HQ of Suryoday Small Finance Bank: Mumbai
- Tagline of Suryoday Small Finance Bank: A Bank of Smiles
Question:
Q.1 With which Small Finance Bank has Paytm entered into a partnership to empower MSMEs with instant loans?
a. Equitas Small Finance Bank
b. Capital Small Finance Bank.
c. Utkarsh Small Finance Bank.
d. Suryoday Small Finance Bank
a. Equitas Small Finance Bank
b. Capital Small Finance Bank.
c. Utkarsh Small Finance Bank.
d. Suryoday Small Finance Bank
