Paytm Launches Postpaid Credit Line on UPI, Partners with Suryodaya Small Finance Bank
The service is currently being rolled out to a selected base, identified through spending behavior, and will be expanded to more consumers in the coming period.
Paytm Launches Postpaid Credit Line on UPI, Partners with Suryodaya Small Finance Bank
In order to improve payment convenience, Paytm (One 97 Communications Limited) has launched Paytm Postpaid as a credit line on UPI, powered by NPCI, in partnership with Suryodaya Small Finance Bank. This innovation enables consumers with instant short-term credit and offers the convenience of ‘Spend Now, Pay Next Month.’
The Paytm Postpaid will provide customers the ability to 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 spending behavior, and will be expanded to more consumers in the coming period.
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According to a statement issued by Paytm, this will strengthen the 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:
1. Open the Paytm app and tap the Paytm Postpaid icon on the Home page.
2. Create your credit line on your UPI account by filling in your basic details, validating your KYC, and setting up the mandate.
3. To start using the credit line, link your account with UPI.
4. Choose Suryodaya Small Finance Bank and authenticate using Aadhaar.
5. Set up a UPI PIN and start making payments through the linked credit facility on UPI.
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