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Paytm joins with NBFC Clix Finance to offer instant, short-term loans to customers

Paytm has now tied up with a digital NBFC to offer instant digital loans to customers on its platform. This initiative is to target the self-employed, SMEs who find it hard to get loans from banks. Tata Capital and Indifi are Paytm's other NBFC partners. Paytm said customers & merchants can get instant digital loans on its platform using proprietary machine learning models, which is developed by Paytm and Clix.