Fintech company Paytm has launched a great new feature, “Paytm Postpaid,” for its users. You can now use a credit line for UPI payments, making small purchases even easier. The biggest advantage of this feature is that you can spend now and pay it off comfortably next month.
How does this feature work?
The “Paytm Postpaid” service was launched in collaboration with the National Payments Corporation of India (NPCI) and Suryoday Small Finance Bank (SSFB). The service aims to provide instant credit for everyday expenses.
Payment method: You can make payments by scanning any UPI QR code, whether it’s online shopping, mobile recharge, bill payment, or booking.
Credit period: This service offers short-term credit up to 30 days, allowing you to spend immediately as per your needs.
Selected Users: Currently, this feature is available to a limited number of users, selected based on their spending patterns. It will be made available to more people in the future.
What benefits will users and merchants gain?
Paytm COO Avijit Jain explained that this service will provide Indians with financial flexibility in their daily spending. It not only simplifies payments for users but also ensures instant payment and universal acceptance for merchants.
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