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HDFC Bank, Paytm tie up to build comprehensive solutions across payment gateway

HDFC Bank, Paytm tie up to build comprehensive solutions across payment gateway

  • HDFC Bank and Paytm have partnered to build comprehensive solutions across payment gateway, point of sale machines and credit products. This includes Paytm Postpaid which is a Buy Now Pay Later (BNPL) solution, Eazy EMI and Flexi Pay.
  • The partnership will focus on two broad PoS offerings. First: HDFC Bank will drive merchant partnerships across India, to whom Paytm will offer its existing range of Android POS devices. Here, HDFC Bank will be the payment partner, while Paytm will be the distribution and software partner.
  • Second: HDFC Bank and Paytm will jointly launch a co-branded PoS product in the retail segment, which Paytm will have the option to offer it to its own customer base.
  • The partnership will also deliver enhanced SmartHub solutions to the market. HDFC Bank SmartHub solutions is an integrated platform offering merchants a one-stop solution shop for all their business needs payments.

Points to remember:

  1. Paytm has partnered with which bank to build comprehensive solutions across payment gateway?- HDFC
  2. SmartHub solution is a platform of which bank?- HDFC

Source: Business Standard

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