- 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:
a. Equitas Small Finance Bank
b. Capital Small Finance Bank.
c. Utkarsh Small Finance Bank.
d. Suryoday Small Finance Bank
