Paytm has announced a strategic shift in its business model, deciding to withdraw its application for a general insurance license. The company will now focus exclusively on its insurance distribution business and loan services, in addition to its core payments services. This move comes after the suspension of Paytm Payments Bank, prompting the company to concentrate on a distribution-only model rather than creating insurance products.
The company will focus on its insurance distribution portfolio, moving away from making insurance products https://t.co/X5JfrZVnL7
🛑🛑 #Paytm withdraws general insurance licence application; to focus on distribution-only model https://t.co/xZctiK8DRn
#LeadStoryOnET | #Paytm withdraws #GeneralInsurance licence application; to focus on distribution-only model https://t.co/Sj5nv4o8nb
🚨Paytm is now purely a loan and insurance distribution platform besides payments services . After paytm payments bank suspension, the company withdraws its insurance license application
Just In | Paytm to focus on its insurance distribution business, withdraws general insurance application @Paytm https://t.co/8oX6NtLUDY