E-commerce Progressing Through Partnerships

Partnerships mater in e-commerce - Paytm seems to be progressing on the basis of the partnerships it is forging.

Times of India reports that LendingKart, a credit evaluation and loan platform, has tied up with Paytm, to offer collateral free loans to SMEs and sellers through the mobile payments wallet. This step aims at working towards bringing ease of financial assistance to small and medium enterprises (SMEs) and merchants across the country, Lendingkart said in a statement. The company aims at simplifying the credit evaluation process, through efficient use of technology, making loan disbursement in three days at fair interest rates, it said. "The benefits we provide at Lendingkart allow the entrepreneurs to focus on building their businesses instead of worrying about gaps in their cash-flows," Lendingkart chief executive Harshvardhan Lunia said.

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