#NDTVProfitExclusive | #Paytm is looking for banking partner. Who's ready to team up?
Here's Pragatti Oberoi with the exclusive details.
Read: https://bit.ly/3wwxK0J
Here's Pragatti Oberoi with the exclusive details.
Read: https://bit.ly/3wwxK0J
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TVTranscript
00:00 Ever since Paytm has shifted its nodal account to Axis Bank, everyone has been thinking that
00:03 what happens to the other businesses of Paytm's and that's exactly what we are bringing to
00:07 you.
00:08 Paytm Payments Bank is in our focus in this NDTV Profit Exclusive.
00:10 We are going to take a look at three main businesses or workings of Paytm Payments Bank.
00:16 One would be the banking partner.
00:17 Let's have this over on our screen for the benefit of our viewers as well.
00:21 One would be the banking partner, the other would be the fast tech business and the other
00:25 would be the NCMC business.
00:27 Now as far as the banking partner is concerned, this would be about the UPI transactions rather
00:31 the back end of the UPI transactions.
00:34 Sources have told us that Paytm Payments Bank is in conversations with a lot of banks but
00:38 these three banks, that's the Yes Bank, Axis Bank and HDFC Bank are the front runners in
00:43 becoming the banking partner with Paytm Payments Bank.
00:46 And if or whenever either of these banks take over and become the partner, the VPA, that
00:52 is the Virtual Payment Address which was at present of at the rate Paytm would also eventually
00:57 change to that of the banking partner.
00:59 Next let's take a look at the fast tech business.
01:02 Sources have told us that IHMC or the Indian Highways Management Company is the one that's
01:07 been given the charge to drive the distribution of Paytm's fast tech business.
01:12 Sources have confirmed to us that IHMC has divided 248 toll plazas of Paytm Payments
01:18 Bank among nine banks.
01:20 Among these the top banks have become HDFC Bank, Yes Bank, IDBI Bank, IDFC First Bank,
01:25 Kotak Mahindra Bank and four others.
01:27 We are yet to get a clarity on the other names.
01:29 Let's take a look at the NCMC business.
01:31 Now NCMC business sources are telling us that while conversations are on with several banks
01:36 most likely the business or the front runner in this aspect is going to be the State Bank
01:41 of India.
01:42 While we are not yet certain as to what level of conversations are happening, we are yet
01:46 to assess the impact as to where this business goes and to whom it goes.
01:50 Now let's also take a look at what other entities are doing.
01:54 This includes the non-bank lenders because they were in partnership with Paytm Payments
01:57 Bank and rather Paytm as well.
01:59 And there are other Payments Bank as well who are seeing this as an opportunity to capitalize
02:05 on the merchants and the customers.
02:06 If you take a look at the Airtel Payments Bank business sources have told us that the
02:10 bank is eyeing an integration of soundbox, QR code and current accounts and trying to
02:16 target those customers because they think that rather than other players who already
02:21 offer QR code or other soundbox with having the USP of current accounts can set them apart
02:27 in this particular domain.
02:28 They are also looking at secondary banking accounts and that's the strategy that Airtel
02:32 Payments Bank is focusing on.
02:34 Another thing that we have is the non-bank lenders like I mentioned before this.
02:39 Non-bank lenders were already in partnership with Paytm but as of now they are still in
02:43 a wait and watch mode because they want to wait and understand as to when will Paytm
02:47 start its lending.
02:49 Let's also remember that after RBI imposed curbs on Paytm Payments Bank in an analyst
02:53 call Paytm announced that for the time being they are halting on the lending partnership.
02:57 So Sriram Finance may definitely go and talk to Axis Bank.
03:01 While conversations have not yet happened we are expecting them to happen very soon.
03:05 [Music]