Paytm to sell personal loans

Paytm has launched a new vertical – Paytm Lending – to distribute personal loans to customers through its app. Paytm said that the new service is built on its tech platform, which enables partner banks and non-banking financial companies (NBFCs) to process loans end to end in less than 2 minutes. The company has said that it aims to have a million users by the end of March 2021.