Paytm and ICICI Bank collaborate to offer short-term instant digital credit

Posted on:18 Nov 2017 09:37:55
Paytm and ICICI Bank collaborate to offer short-term instant digital credit
18 November 2017 Current Affairs: Digital payments services company, Paytm entered into a tie-up with ICICI Bank to jointly launch ‘Paytm-ICICI Bank Postpaid’, that offers short-term credit to their common customers.

The offers instant digital credit for various transactions including payment for movie tickets, bill payments, flights, as well as physical goods without any documentation or transaction fees.

Under this facility, real-time credit assessment of customers is done through  Big Data based algorithm of ICICI Bank.

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