Paytm Expands Postpaid Services; Increases Credit Limit up to Rs. 1 Lakh

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INTRO: Paytm has partnered with two Non-Banking Financial Companies (NBFC) to expand Paytm Postpaid for more payment use-cases. According to the company, you can now use Paytm Postpaid to buy groceries, milk, and other home essentials from your local stores and established retailers including Reliance Fresh, Haldiram, Apollo Pharmacy, Croma, and Shoppers Stop.

As part of the expansion, the company will also offer bill payment services, shopping on Paytm Mall, and online payments at Domino’s, Tata Sky, Pepperfry, HungerBox, Patanjali, Spencer’s, and more. You may repay bills by the 7th of each month.

Increased Credit Limit For Paytm Postpaid

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Also, The company has increased the credit limit for Paytm Postpaid to Rs.1,00,000. The increased limit will be initially limited to select users. According to Paytm, some users will see a Postpaid icon in the Financial Services section to avail Paytm Postpaid after completing online KYC with partner NBFC.

Meanwhile, The online money wallet company has introduced three new variants of Paytm Postpaid namely Lite, Delite, and Elite. The allocation will be based on partner NBFC’s assessment. The Lite version comes with limits up to Rs. 20,000 and a convenience charge.

No Additional Charges For Activating Paytm Postpaid

We are expanding Paytm Postpaid services to kirana stores & your ...

Customers in Delite and Elite tiers will get credit limits from Rs. 20,000 to Rs. 1,00,000 with no convenience charges. It mentions that there will not be any additional costs for activating and keeping Paytm Postpaid.

“Paytm Postpaid is our main mission to provide access to provide credit to every user. During these tough times especially due to the ongoing pandemic, it becomes much more important for us to stand by fellow Indians and give them the power to buy on credit whenever they required,” said Amit Nayyar, President at the company in a statement. This news will be a relief for many of the Paytm users in their own way.

 

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