Categories: Agreements

Paytm & HDFC Bank tie up to provide solutions across payment gateway

HDFC Bank and Paytm have partnered to build comprehensive solutions across payment gateway, point of sale machines and credit products. This includes Paytm Postpaid which is a Buy Now Pay Later (BNPL) solution, Eazy EMI and Flexi Pay. The partnership will also deliver enhanced SmartHub solutions to the market. HDFC Bank SmartHub solutions is an integrated platform offering merchants a one-stop solution shop for all their business needs payments.

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The partnership will focus on two broad PoS offerings.

First: HDFC Bank will drive merchant partnerships across India, to whom Paytm will offer its existing range of Android POS devices. Here, HDFC Bank will be the payment partner, while Paytm will be the distribution and software partner.
Second: HDFC Bank and Paytm will jointly launch a co-branded PoS product in the retail segment, which Paytm will have the option to offer it to its own customer base.

Important takeaways for all competitive exams:

Headquarters of HDFC Bank: Mumbai, Maharashtra;
MD and CEO of HDFC Bank: Sashidhar Jagdishan;
The tagline of HDFC Bank: We understand your world.
Paytm HQ: Noida, Uttar Pradesh;
Paytm Founder & CEO: Vijay Shekhar Sharma;
Paytm Founded: 2009.

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Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.