Hdfc paytm credit card

With over 51 million credit cards, debit cards and prepaid cards and over 2 million merchants, addressing every market segment, every third rupee spent on cards in India happens on HDFC Bank cards, it said. The alliance will target deeper penetration in tier-II and tier-III markets and enable faster acceleration of digitized payments across the country. Under the partnership, HDFC Bank and Paytm will introduce business credit cards, offering a host of benefits for merchant partners from the smaller cities and towns of India and enable them to get easier access to credit with instant and paperless approvals. Bhavesh Gupta, chief executive, Paytm Lending, said the company is delighted to partner with HDFC Bank, and Visa, to launch a comprehensive suite of credit cards across customer segments, with special focus on millennials, business owners and merchants. According to Parag Rao, group head (payments, consumer finance, digital banking & IT), HDFC Bank, the bank believes India's growth story is robust and this partnership is an effort on its part to enable consumption, particularly during festive season, which will further fuel the economic growth of the country.

Synopsis The credit cards will be powered by Visa and will include offerings targeted at millennials, business owners and merchants, an official statement said. Paytm has a reach of over 330 million consumers and 21 million merchants, while HDFC Bank has over 5 million debit, credit and prepaid cards, and serves 2 million merchants through its offerings. “With our technological capabilities, Paytm's merchant partners and India's new-to-credit millennials will now able to build a healthy credit profile and gain access to opportunities available in the formal economy,” Bhavesh Gupta, the chief executive for Paytm Lending, said. HDFC Bank's group head for consumer finance Parag Rao called it as an attempt to enable consumption to fuel the economic growth and added that the bank is the largest player on both card issuing and merchant acquiring. The bank's scrip was trading 0.64 per cent down at Rs 1,573.15 at 1300 hrs on BSE, as against a correction of 0.20 per cent on the benchmark. Don’t miss out on ET Prime stories! Get your daily dose of business updates on WhatsApp. Most Searched Stocks 570.30 04:02 PM | 14 Jun 2023 8.10 (1.44%) 444.50 04:02 PM | 14 Jun 2023 -0.90 (-0.20%) 265.25 04:02 PM | 14 Jun 2023 -2.55 (-0.95%) 1300.40 04:02 PM | 14 Jun 2023 -4.45 (-0.34%) 2551.85 04:02 PM | 14 Jun 2023 31.00 (1.23%) 3251.05 04:02 PM | 14 Jun 2023 7.35 (0.23%) 113.80 04:02 PM | 14 Jun 2023 2.65 (2.38%) 16.20 04:02 PM | 14 Jun 2023 -0.20 (-1.22%) 1601.75 04:02 PM | 14 Jun 2023 -1.75 ...