⚡Fintech Major Paytm Refutes Reports on Invoking Loan Guarantees Due to Repayment Defaults by Lending Partners
By IANS
In a stock exchange filing, Paytm said such reports are "inaccurate". "Paytm acts as a distributor of loans, and does not provide a First Loss Default Guarantee (FLDG) or other loan guarantees to lending partners," said the fintech major.