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Paytm partnered with Suryoday Small Finance Bank

Published on December 04, 2020
Current Context: Paytm has entered into a partnership with Suryoday Small Finance Bank (SFB) Ltd with an aim to empower MSMEs with instant digital loans.
Paytm partnered with Suryoday Small Finance Bank
  • 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
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