Acquisition by Bank or NBFC Best Scenario for Paytm: Bernstein

- Bernstein suggests that a partnership with a bank or NBFC could help Paytm leverage its customer base for cross-selling non-bank products. - A significant investment from a major corporate house could enable Paytm to revive its business faster and avoid future regulatory shocks. - Bernstein projects that Paytm, in its current form, is well-poised to achieve profitability by FY27. - The brokerage firm believes that rapidly scaling up secured lending and getting a share of the merchant discount rate on UPI payments could drive profitability faster by FY26. - Paytm's losses have soared due to the RBI barring its payments bank arm from business activities and the government's reduced budgetary allocation for digital payments. Source: [Inc42](https://inc42.com/buzz/acquisition-by-bank-or-nbfc-best-scenario-for-paytm-bernstein/)