Fintech startup Paytm to build next-generation credit cards
It aims to democratise the access to credit system in India
The firm has also digitised the entire credit card application process on its payments app
Paytm launched a credit card last year in a partnership with Citibank
Vijay Shekhar Sharma-led Paytm aims to issue 2 Mn credit cards in the next 2 years
The company said that the credit card will provide insurance protection against fraudulent transactions
Amazon and Zomato also offer a co-branded credit card in a tie-up with leading banks
