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Lords Automative ties up with Paytm to offer finance solutions to their dealers. The brand says that the agreement aims at providing seamless finance solutions to the nationwide dealer network of Lord’s Automative to boost sales of e-vehicles and improve their market share.
“The deal with Paytm will facilitate more convenient and cost-effective financial transactions for our dealers with access to advanced digital financial services and credit. With the e-vehicle segment in the country witnessing phenomenal growth, this deal will be a game-changer for our dealer network with the potential to boost their sales and distribution network and gain access to new customer markets,” stated Sachidanand Upadhyay, Founder, Lord’s Mark Industries.
According to the brand, now the dealers can avail gains of advanced digital payment options offered by Paytm including Paytm wallet, offline Payment Gateway (PG) services, CC/DC, and net banking on a Pan India basis. Dealers can gain the benefits of easy reconciliation with features of instant settlement and direct settlement through app-based and multiuser interfaces. With the easy bifurcation of CC and DC transactions, dealers of Lords Automative can have enhanced access to multi-banking partners. These include top public and private sector banks which form a key part of Paytm’s ecosystem of 12 partner banks.
Furthermore, Lods Automative says that with this deal, the nationwide dealer network of Lords Automative will have the advantages of built-in cloud software with features of billing, inventory management, khata (bill book) software, and dashboards. They can also avail bank EMI on CC & DC and benefit from schemes like EMI subvention (zero cost EMI) with offers from Paytm.
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