Current Affairs - Miscellaneous - Discussion

Paytm, the Indian digital payment and technology platform said that it will be "partnering with various card issuers to introduce co-branded cards" in the market. The company said that it is keen on transforming the credit card market by enabling 'new to credit' users to be part of the credit card user base. Paytm said that its 'Next Generation Credit Cards' are intended to "democratise the access to a formal credit system for the masses." The company in a release said that it intends to issue two million cards in the next 12 to 18 months.