Partnership of HDFC and Paytm

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24 August 2021 Current Affairs:HDFC Bank and Paytm have partnered to construct comprehensive options throughout payment gateway, factor of sale machines and credit products. This consists of Paytm Postpaid which is a Buy Now Pay Later (BNPL) solution, Eazy EMI and Flexi Pay. 

Highlights:
♦ The partnership will additionally deliver enhanced SmartHub options to the market. HDFC Bank SmartHub options is an built-in platform imparting merchants a one-stop answer for all their business wants payments.
♦ The partnership will focus on two broad PoS offerings.
First: HDFC Bank will power service provider partnerships across India, to whom Paytm will offer its present range of Android POS devices. Here, HDFC Bank will be the payment partner, whilst Paytm will be the distribution and software program partner.
Second: HDFC Bank and Paytm will mutually launch a co-branded PoS product in the retail segment, which Paytm will have the option to offer to its very own patron base.
 

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