Bernstein said that such a partnership may help banks, looking to build consumer-focussed apps, leverage Paytm’s customer base to cross-sell non-bank products
A large investment for a sizable stake from a major corporate house would likely enable Paytm to revive its business faster and stave off future regulatory shocks, said Bernstein
The brokerage firm also projected that the troubled fintech major “in its current form” was well-poised to achieve profitability by FY27
Brokerage firm Bernstein reportedly believes that the “best scenario” for Paytm would be an acquisition by a bank or a large non-banking finance company (NBFC).
In a note accessed by Economic Times, the brokerage said that such a partnership may help banks, looking to build consumer-focussed apps, leverage Paytm’s customer base to cross-sell non-bank products.