Paytm has faced several challenges since its IPO. It is now focusing on lending with a ‘default loss guarantee’ model and aims to increase loan disbursals despite regulatory hurdles. Its stock has surged, but success depends on successful execution.

source https://www.livemint.com/market/stock-market-news/paytm-share-price-business-model-default-loss-guarantee-model-lending-business-loans-upi-rbi-paytm-challenges-11732626718694.html

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