Paytm ties up with Indusind Bank to launch two wheeler financing

India Infoline News Service | Mumbai | September 21, 201609:45 IST

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's platform.

Paytm, India's 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 lnduslnd 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's platform.
 
At the launch, Krishna Hegde, Vice President - Paytm said, "After establishing our position as  a preferred online destination for booking two-wheelers, we are thri//ed  to offer easy finance  options to  our customers. This service will add to the comfort of ordering two-wheelers ot attractive prices with the vehicle being delivered at your focal dealership. With this move, we assist a forger set of customers through the complete automobile purchase journey. "
 
Commenting on this association, S.V. Parthasarathy, Senior Executive Vice President & Head - Consumer Finance Division, lnduslnd Bank Ltd. said, "This association between lnduslnd Bank and  Paytm opens a new era that will change the way people transact while buying o two wheeler. This tie-up  is yet another digital initiative under the Bank's theme of Responsive Innovation to offer innovative and unique banking experience  to our customers, while keeping the convenience in mind."
 
Ritesh Raj Saxena, Head - Savings, Digital & Payments for lnduslnd Bank adds, "Thisjoint offering wi/1 be /of/owed by digital deposits to retail customers under their Payment Bank and furthers the engagement between the two organisations."


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