Why Paytm is betting on FLDG model to boost lending and revenue

Quick Summary:

CEO Vijay Shekhar Sharma said that Paytm's FLDG-backed lending will serve as a cornerstone for the company’s growth, enabling it to expand its credit offerings while maintaining profitability.

Mitigating risk through FLDGs, sourcing partners such as Paytm, can expand their customer base and increase the volume of loans they issue.

Paytm announced it will provide a DLG (default loan guarantee) of up to Rs 225 crore for its lending partner, SMFG India Credit Co.Ltd.

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Article Details

Author / Journalist: Sayan Sen

Category: StartupsEconomyBusiness

Markets: India

Topics: Loans Collection Model Sharma Partners Paytm Fldg Loan Expand Lending Fldg-backed

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-22 @ 14:43:26 (6 days ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 706 words

Reading Time: 4 minutes read

Sentences: 36 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © YourStory

News ID: 23203126

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About YourStory

Main Topics: StartupsEconomyBusiness

Official Website: yourstory.com

Update Frequency: 12 posts per day

Year Established: 2008

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News Last Updated: 9 hours ago

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