Paytm, HDFC Bank partner for payments products

Ipo-bound digital payments company Paytm and India’s largest private sector lender HDFC Bank announced a strategic partnership to build comprehensive solutions across payments gateway, point of sale machines, and credit products.

It includes Paytm Postpaid, which is the buynow-pay-later solution, Eazy EMI and Flexi Pay, and more.

The partnership will aim to empower new businesses, which have recently ventured online, and enable them to scale up further.paytm and HDFC Bank are coming together for two broad POS offerings. As part of plan, the bank will drive merchant partnerships across India, to whom Paytm will offer existing range of Android POS devices.