MUMBAI: Digital payments platfrom Paytm has partnered with the country's largest private sector lender ICICI Bank for a short term credit product for its customers. Based on the credit bureau check, payment behaviour and other analysis the bank will offer free credit upto 45days for customers. "We have seen that many customers—who are new-to-credit and therefore, do not have a credit history-- are looking for short term credit and millions of young Indians are now buying products online. We have combined these two insights to bring out a novel proposition of giving short term credit to people, completely online and instantly. We are happy to launch credit in a digital way to the masses in the form of Paytm Postpaid with ICICI Bank as our first partner," said Vijay Shekhar Sharma , founder of Paytm.

Source: Economic Times November 16, 2017 06:11 UTC