Paytm, the fintech brand owned by One 97 Communications, has launched ‘Paytm Postpaid’ service on UPI. With Paytm Postpaid, consumers can make payments using a credit line on UPI across all merchant touchpoints, the company said in a statement on Friday.
With this, customers will be offered ‘Credit Line’ on UPI, powered by NPCI and in partnership with Suryodaya Small Finance Bank.
Paytm ‘Spend Now, Pay Next Month’
“This innovation enables consumers with instant short-term credit and offers the convenience of ‘Spend Now, Pay Next Month’, the statement said.
With ‘Paytm Postpaid’, consumers can scan any UPI QR code, shop online, or pay for recharges. They can also do bill payments and perform bookings on the Paytm app.
Up to 30 days of short-term credit via UPI
“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 company said.
According to Paytm, 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.
Avijit Jain, Chief Operating Officer – Lending at Paytm said, “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.”
Vishal Singh, Chief Information Officer and Head Digital Banking at Suryodaya Small Finance Bank (SSFB) said, “This collaboration reflects our commitment to expanding access to secure and responsible credit.”