Paytm, in collaboration with Suryoday Small Finance Bank and powered by NPCI, introduces Paytm Postpaid as a Credit Line on UPI. This innovative service provides users with instant, short-term credit, offering the convenience to ‘Spend Now, Pay Next Month.’
Paytm Postpaid empowers users to make payments via a credit line on UPI across various merchant platforms. This includes scanning any UPI QR code, online shopping, and settling recharges, bills, and bookings within the Paytm app. The service extends credit for up to 30 days, enabling immediate spending with repayment due the following month. This enhances payment convenience, speed, and reliability. Currently, the service is being selectively rolled out based on spending behavior and will soon be available to a broader user base.
Leveraging Paytm’s robust technology in secure, real-time payments, this service allows consumers to manage their finances without disrupting daily expenses. Merchants benefit from universal acceptance and guaranteed instant settlements through the familiar UPI payment process.
Avijit Jain, Chief Operating Officer – Lending at Paytm, stated, “In India, families and individuals often look for a little extra flexibility to manage their everyday expenses with ease. We are delighted to bring Paytm Postpaid, Credit Line on UPI, which makes it possible to spend instantly and comfortably repay the next month… In partnership with Suryoday Small Finance Bank and powered by NPCI, this launch reflects our commitment to offering secure, compliant, and innovative payment solutions that truly put consumers first.”
Vishal Singh, Chief Information Officer and Head Digital Banking at Suryoday Small Finance Bank (SSFB), added, “This collaboration reflects our commitment to expanding access to secure and responsible credit. By enabling Paytm Postpaid on UPI, we are empowering consumers with greater flexibility to manage their everyday spends, while ensuring the reliability of a regulated banking partner. Together with Paytm, India’s trusted payments platform, we aim to deliver a seamless and reliable credit experience that combines convenience with responsibility.”
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