Fullerton India Credit Company has tied up with Paytm to enable what the company claims will be ‘a hassle-free payment(s) solution’ for its customers. As part of the tie-up, Fullerton customers will now be able to pay Equated Monthly Installments (EMIs) as well as their past dues through Paytm by either logging into their accounts on the official Fullerton website, or from within the Paytm app.
In a statement released to the press, Ms. Rajashree Nambiar, CEO & MD, Fullerton India, expressed satisfaction that the company’s customers will now get an additional channel to transact with the company.
“Our collaboration with Paytm … will enable us to provide a seamless payment solution for the growing needs of our customers. Further, this tie-up is a step forward in Fullerton India’s agenda of driving sustainable growth through an evolved end-to-end digitization process”
It’s important to note here that the service is currently only available for the customers of the urban business of Fullerton India, and there’s no word on when the company will extend it to all its customers.
In case you didn’t know it already, Fullerton India is a wholly-owned subsidiary of Singapore’s sovereign wealth fund, Temasek Holdings, and operates as a non-banking financial company (NBFC) in the country.
Interestingly, the company even has a self-learning chatbot called ASHA, which is available on Facebook messenger, and can be used by customers to apply, submit documentation and receive loan approvals. Fullerton also has an Android app called Instaloan that helps millennial customers get personal loans from the company.