HDFC Bank has tied up with Paytm to expand its suite of digital banking services offered to individuals and merchants. The partners will start with payment gateway and point-of-sale solutions for merchants, the online payments firm said in a statement. “Through the partnership, HDFC Bank’s salespersons will start selling Paytm’s payment solutions in the market. HDFC Bank will be the payment partner, while Paytm will be the distribution and software partner,” the statement said. They will later look to offer credit products such as Paytm’s buy now-pay later solution Paytm Postpaid, Eazy EMI and Flexi Pay. Paytm and HDFC Bank, according to the statement, will also launch a co-branded PoS product in the retail segment, which Paytm will have the option to offer to its own customer base.

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