In order to develop comprehensive solutions around the payment gateway, the largest private sector bank of India, HDFC Bank and digital payments firm Paytm have announced their strategic partnership.
The partnership will create solutions for credit products including Paytm Post-paid (Buy Now Pay Later solution), point of sale machines, Flexi Pay, and Eazy EMI. HDFC Bank and Paytm have come together to empower new businesses and enable them to scale up. They have partnered for two broad PoS offerings.
Paytm will offer an existing range of Android POS devices in India for whom HDFC Bank will drive merchant partnership.
In the market, salespersons of HDFC Bank will sell Paytm’s payment solution. The distribution and software partner will be Paytm, and payment partner will be HDFC Bank.