Home Credit India Ties With Paytm to Make Repayment of Loans Easier
Gurgaon, August 10, 2017: Home Credit India Finance Pvt. Ltd, one of India’s fastest growing non-banking financial
company (NBFC), has partnered with the country’s largest mobile payments and commerce platform Paytm to enable
customers to pay their EMIs in an easy, simple and convenient manner. The tie-up with Paytm is in line with Home Credit
India’s plans of promoting seamless digital payments solutions and cashless transactions and be a partner in
government’s Digital India programme.
Under the partnership, Home Credit India customers can now repay loan installments safely and securely by either
clicking on the Pay EMI link of Home Credit India website or logging on to the Paytm platform. To facilitate a payment via
Paytm’s gateway while on the Home Credit India website, the customer is required to enter personal details along with the
amount to be paid and the loan contract ID. Payments are accepted through debit card, Paytm Wallet and net banking.
Commenting on the partnership, Milan Urbasek, Chief Operations Officer, Home Credit India Finance said, “The
payments landscape in India is changing rapidly with the emergence of innovative and latest cashless payment solutions.
Spurred by developments in information and communication technology, India is at the cusp of a digital payments
revolution. The tie-up with Paytm is a step forward in that direction.”
As of July end, nearly 200,000 loan repayment transactions have happened through the Paytm app and gateway.
Over the last few years, the number of digital payments in India has shown a rising trend. According to a report by Niti
Aayog, the volume of overall digital payments increased by over 55 per cent in 2016-17 financial year. The retail
payments segment accounted for as much as 98% to 99% of the total volume.
Home Credit India has been at the forefront of redefining customer experience through innovative products and services.
The company recently launched an innovative and one of its kind online Mini Cash Loan across the country. Targeted at
customers who require a small loan to fulfill an urgent need or buy a product that has been on their shopping list, the Mini
Cash Loan enables eligible applicants to borrow any amount ranging from Rs 1,000 to Rs 10,000. In May, Home Credit
India had launched a Mobile App that provides customers access on the go to his/her loan details, repayment schedule
and information on the due loan amount.
Home Credit India offers in-store financing (direct non-cash loans in retail outlets) to customers, especially first-time
borrowers, planning to buy consumer durable goods such as mobile phones, home appliances, laptop/tablets, electronic
goods. It is Home Credit India’s endeavor to provide top-of-the-class products, unique service experience and value for
money to its customers.
About Home Credit India
Home Credit India Finance Pvt. Ltd. is a leading consumer finance provider that is committed to drive credit penetration
and financial inclusion by offering financial solutions that are simple, transparent and accessible to all. One of India’s
leading Non-Banking Financial Companies (NBFCs), Home Credit India has its operations in 77 cities across 15 states in
the country. The company has a strong network of over 10,000 Points of-Sale (PoS) where it services over 3 million
customers through an employee base of over 16,000 as of date. Home Credit India has been recognized by Aon Hewitt
as a Regional AON Best Employer 2017 for employer excellence.
About Home Credit B.V
Home Credit India is part of Home Credit B.V., an international consumer finance provider with operations in 11 countries
where there is high potential to grow. Founded in 1997, we focus on responsible lending primarily to people with little or
no credit history. Our services are simple, easy and fast We operate in highly attractive markets with significant barriers
to entry. We are a leading provider of consumer finance in selected countries. It is our experience and knowledge across
the different markets, which sustainably puts us ahead of our competitors. We drive and broaden financial inclusion for the
unbanked population by providing a positive and safe borrowing experience – the first for many of our customers. We
promote higher living standards and meet borrowers’ financial needs. Our 135,500 employees have so far served over 76
million customers through the vast distribution network comprising 308,703 points of sale, loan offices, branches and post
offices. HCBV’s total consolidated assets reached EU R 15.9 million as of March 31, 2017.
More information on Home Credit India is available at www.homecredit.co.in
More information on HCBV is available at www.homecredit.net
Paytm is India’s largest mobile payment & commerce platform. With the current user base of more than 230 million,
Paytm is on a mission to bring half a billion Indians to the mainstream of the economy using mobile payment, commerce
and recently launched Payments Bank. Paytm is founded by Vijay Shekhar Sharma, and is the Consumer brand of India’s
leading mobile internet company One97 Communications. Paytm is headquartered in the National Capital Region, India.
The company’s investors include Ant Financial (Alipay), Alibaba Group, SoftBank, SAIF Partners and Mediatek.
For more information, contact:
Home Credit India