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Paytm news: Amid Paytm crisis, Indian NBFCs explore options for loan disbursal

Indian non-bank lenders are exploring alternative options for loan disbursal amid concerns over the regulatory issues surrounding Paytm, which has led to a temporary halt in its lending services. While lending partners have not terminated contracts with Paytm, they are reportedly seeking alternatives due to uncertainty about when lending services might resume through the Paytm app.
Poonawalla Fincorp Pranav Gundlapalle Walmart Phonepe Paytm Payments Bank Aditya Birla Finance Hero Fincorp

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Paytm Payments Bank, Wallet Woes Explained: What are the Options Before the Company?

It can continue to be the UPI third-party application just like Google Pay and Amazon Pay, but this will depend on the National Payments Corporation of India; If PPBL loses its licence, it will need another sponsor bank, which will be held responsible for PayTMโ€™s actions
Bhavesh Gupta Vijay Shekhar Sharma National Payments Corporation Of India Paytm Payments Bank Limited Reserve Bank Unified Payments Interface
Source: news18.com

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