Paytm to launch its credit card – Here’s what you need to know

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Paytm, which has been in the news for spearheading a kind of movement against Google in the Android app store arena, today announced that it is launching its own credit cards “to make it easy for new users to join the credit market.”

As the company put it, the new credit card is designed to “democratise the access to a formal credit system for the masses”. It is set to tie up with leading banks in the country, and its aim is to issue two million cards in the next 12-18 months.

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