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.

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

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, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.

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