Paytm aims to issue 2 Mn credit card to democratise access to credit system
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Noida-based digital payments giant Paytm, on Monday, unveiled its plans to launch a co-branded credit card in partnership with card issuers in India. With this, the company aims to enable “new to credit” users to join the digital economy and democratise the access to formal credit systems for the people. The Vijay Shekhar Sharma-led company targets to issue 2 Mn credit cards in the upcoming 12-18 months.