Paytm-Induslnd to offer 2-wheeler loan options

Posted On Wednesday, 25 January 2017 09:45


Paytm, India largest mobile payment and commerce platform have announced the availability of financing options on two - wheelers booked on its platform. The company has tied up with IndusInd Bank to launch two wheeler financing and plans to add more lenders to provide greater choice to customers. While booking a two-wheeler on Paytm, customers will have to pay the booking amount and can then avail a loan on the balance amount from the financing partner. As a result, more users can benefit from the wide assortment of two-wheelers available on Paytm platform. At the launch, Krishna Hegde, Vice President ndash; Paytm said, After establishing our position as a preferred online destination for booking two-wheelers, we are thrilled to offer easy finance options to our customers. This service will add to the comfort of ordering two-wheelers at attractive prices with the vehicle being delivered at your local dealership. With this move, we assist a larger set of customers through the complete automobile purchase journey.

Commenting on this association, Mr. S.V. Parthasarathy, Senior Executive Vice President Head - Consumer Finance Division, IndusInd Bank Ltd. said, This association between IndusInd Bank and Paytm opens a new era that will change the way people transact while buying a two wheeler. This tie-up is yet another digital initiative under the Bank theme of Responsive Innovation to offer innovative and unique banking experience to our customers, while keeping the convenience in mind. Ritesh Raj Saxena, Head ndash; Savings, Digital Payments for IndusInd Bank adds, This joint offering will be followed by digital deposits to retail customers under their Payment Bank and furthers the engagement between the two organisations.

News source: Pune Mirror

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