Paytm Launches Postpaid on UPI with Credit Line Up to Rs. 60,000: Key Details You Should Know

Paytm has introduced its new Paytm Postpaid on UPI feature in partnership with Suryoday Small Finance Bank, offering users the option of "Spend Now, Pay Next Month". This digital credit line of up to Rs. 60,000 is designed to make everyday UPI payments ever simpler and more flexible.

Key Features of Paytm Postpaid on UPI

According to the exchange filing, Paytm Postpaid users get a pre-approved monthly credit limit of up to Rs. 60,000. This limit can be used for paying via UPI at merchant outlets, scanning any UPI QR code, online shopping, mobile recharges, and bill payments on the Paytm app.

All expenses are consolidated and billed on the 1st of every month. Users then enjoy a 30-day interest-free repayment period, with nominal charges applicable only to the actual amount spent. This added feature, Paytm Postpaid on UPI, is a practical alternative to credit cards and other BNPL services.

Another major advantage is the instant activation process. Customers can activate Paytm Postpaid directly from the Paytm app without lengthy paperwork. Once KYC and basic details are completed, the UPI account can be linked, the partner bank, which is Suryoday Small Finance Bank, selected, and a UPI PIN set up for secure payments.

Eligibility and Activation Process

Currently, Paytm Postpaid on UPI is available to selected users based on their spending behaviour. The service will gradually expand to a wider user base. To activate the facility, users need to follow the steps below:

Step 1: Update the Paytm app.
Step 2: Complete KYC verification.
Step 3: Choose Suryoday Small Finance Bank as the partner bank.
Step 4: Link UPI account and set UPI PIN

Benefits of Pytm Postpaid for Users and Merchants

The launch of Paytm Postpaid on UPI brings multiple benefits:

Users can shop, recharge, or pay bills instantly without upfront payment.

Wider access to short-term digital credit for retail consumers.

Instant settlement and higher transaction volumes at retail outlets.

With India's festive and wedding season around the corner, this feature will likely boost Paytm UPI transactions, as customers can rely on short-term digital credit for big-ticket as well as everyday expenses.

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