By News18,Varun Yadav
Copyright news18
Paytm (One 97 Communications Limited) has launched Paytm Postpaid as Credit Line on UPI, powered by NPCI, in partnership with Suryoday Small Finance Bank. It offers consumers instant short-term credit along with the convenience of ‘Spend Now, Pay Next Month’.
With Paytm Postpaid, consumers can now make payments using a credit line on UPI across all merchant touchpoints. This includes scanning any UPI QR code, shopping online, or paying for recharges, bill payments, and bookings on the Paytm app. The facility offers up to 30 days of short-term credit, giving individuals the flexibility to spend instantly and repay the following month. It makes everyday payments smarter, faster, and more reliable. The service is currently being rolled out to a selected base, identified through spend behaviour, and will be expanded to more consumers in the coming period.
The service leverages Paytm’s technology strength in secure, real-time payments. It gives consumers the flexibility to manage liquidity without disrupting daily expenses, while merchants benefit from universal acceptance and assured instant settlement through the familiar UPI payment flow.
How to onboard on Paytm Postpaid:
Open the Paytm app and tap the Paytm Postpaid icon on Home page
Create your Credit Line on UPI account by filling your basic details, validate your KYC and setting up the mandate
To start using the Credit Line, Link your account with UPI
Choose Suryoday Small Finance Bank and authenticate using Aadhaar
Set up a UPI PIN and start making payments through the linked credit facility on UPI
The recently launched spend categorization with a smart Monthly Spend Summary helps track and manage finances with ease. Alongside, Paytm offers the ability to hide or unhide specific payments for privacy, home screen widgets like ‘Receive Money’ for faster payments, and personalised UPI IDs that make transactions simple without sharing mobile numbers.
Customers can also download UPI statements in Excel or PDF and view total balances across all linked accounts in one place.
