Paytm Payment Solution for Ease of Loan Repayment Collection
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Paytm is the preferred payment solutions partner for loan providers. The Paytm All-In-One Payments Solution Suite is a combination of different payment solutions by Paytm, specifically engineered keeping in mind the challenges faced by the loan industry for collecting repayments.
The Paytm payment solution suite was designed after a lot of research into customer mindset and expectations for taking and repaying loans. The suite is a complete solution to what loan customers want.
Yes, along with many other features that benefit loan providers and differentiates them from others, in a highly competitive market.
Absolutely Using the subscription services for recurring payment collection, loan providers using the Paytm All-In-One Payments solution suite can simply set up eNach mandate or UPI Autopay, giving the customer what they want while also ensuring regular loan repayment collection.
Paytm has the capability to onboard NBFCs, MFIs, and digital lenders to the Bharat Bill Payment System as a Business Operating Unit (BOU). Through one integration, loan providers show up with all payment service providers who are on BBPS and who have also onboarded the customer, at the time when the customer chose to use their services. Say goodbye to the hassle of individual agreements.
Thanks to the love and faith of Indian consumers and companies, Paytm has diversified and evolved. With 300 million customers, Paytm is a trusted name for payment services in the minds of consumers which can help loan providers achieve their loan repayment goals by quite a lot.
Loan providers can give their customers the flexibility to make loan repayments via cash at various cash collection points set up by Paytm that they can visit physically.
Collecting loan repayments on-the-spot, during an in-person or virtual meeting with a customer, or during a telephone conversation, is made possible via a payment link and dynamic QR generation. The payment link or dynamic QR can be sent via SMS or email for the customer to make their loan repayment.
Yes. This also helps to keep customers engaged, improve timely loan repayment collections, and sell top-up loans.