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Paytm captures 70% market for BFSI payment
Highlights
Digital payments leader Paytm has announced that within a year of the launch of yet another important payment use-case - 'Loan EMI, Credit Card Bill, and Insurance premium' - it has captured 70 per cent market share amongst all mobile payment apps for BFSI payments.
New Delhi: Digital payments leader Paytm has announced that within a year of the launch of yet another important payment use-case - 'Loan EMI, Credit Card Bill, and Insurance premium' - it has captured 70 per cent market share amongst all mobile payment apps for BFSI payments.
The company has been rapidly onboarding partners from the insurance and banking sector to become a single platform for such payments.
It has tied-up with more than 30 major insurance companies and more than 45 finance companies.
These include all major insurance and finance companies in India such as LIC, HDFC Life, ICICI Prudential, SBI General Insurance, Hero FinCorp, Muthoot Finance, India Bulls, L&T finance, PNB, and others.
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