Paytm's credibility to offer high quality credit to various lending partners continues to be very robust

● Continues to have a very strong relationship with all its seven existing NBFC and bank partners

● Personal, merchant loans continue to perform well; and merchant loans are trending towards performing even better

Paytm, India’s leading mobile payments and financial services distribution company, which expands a loan distribution business for high ticket loans will add at least two more large NBFCs and one bank, Paytm's management said in an analysts call.

The company noted that over the next two quarters, it will on board them both for personal loans and merchant loans and for credit cards, it will be adding one more bank. From a new lender arrangement, the company continues to believe that the opportunity of Paytm platform is well appreciated by the larger ecosystem. "Hence our credibility to be able to offer high quality credit to various lending partners continues to be very robust, which is leading to more and more partners looking forward to partnering with us," Paytm's management added.

The fintech giant iterated that it continues to thrive with every lending partner. "We calibrate with each partner how much they would like to do. And because we're adding more partners, there is diversification. Our lending partners are also adding more fintech, so there is diversification," it further added. 

The company continues to have a very strong relationship with all its seven existing NBFC partners and existing bank partners for credit card issuance. It noted that the three of them in the pipeline will fructify over the next two quarters. And there are more partners that it has in the system. "We will continue to work with them to make sure that we are able to give them higher quality credit to the risk capital they have," management said. 

Moreover, Paytm management highlighted that personal loans and merchant loans continue to perform well and in fact, merchant loans are trending towards performing even better. "There is definitely much better portfolio performance we are seeing on the merchant side than we are seeing on the consumer side," they said.