Daily Excelsior

NEW DELHI, May 7: Fintech major One97 Communications, which operates the Paytm brand, has ruled out plans to apply for a Non-Banking Financial Company (NBFC) licence. During the companys Q4 earnings call on Thursday, Paytm President and Group CFO Madhur Deora said, Were not super excited about going for an NBFC licence. He noted Paytms preference for a win-win partnership model where Paytm handles distribution, technology, and collections, while its blue-chip lending partners manage capital, ris