Paytm Partners With Piramal Financing Company To Provide Digital Loans

Paytm parent One97 Communications announced to join hands with Piramal Capital & Housing Finance Ltd, aiming for an expansion in the distribution of merchant loans. The amount will be beneficial to the small cities and towns of India, with over 300 Indian branches.  It will also help drive financial inclusion by bringing access to credit to small businesses and retailers, the digital payments firm says in an exchange filing.