Paytm postpaid introduces flexible EMI options


Paytm, India’s leading digital financial services platform said that the users of its postpaid provider can now convert spends into EMIs. With this, the company focuses to enable the consumers to purchase necessities without any budget limitations and pay back the amount in easy installments. The users can avail of Paytm’s buy now and pay later facility for a wide variety of products and services at more than five lakh plus shops and websites.

The features of Bill EMI enables Postpaid users to convert their full spends into tailor-fit EMIs, owed alongside nominal interest rates. Many payment options like UPI, debit card, and net banking are available to repay the postpaid bill. Every month, customers are provided with a single bill to trace all their spending via postpaid. Within the initial 7 days of the invoice being generated, they have got the option to convert the postpaid bill into flexible EMIs. Postpaid gives a credit score limit of up to Rs.1 lakh, which may be increased with well-timed repayments. It was offered in partnership with two leading NBFCs with an immediate credit line for numerous payments to Paytm app customers.

Paytm postpaid services can be accessed in a wide range of retail space. Additionally, it has been extended to several bill payment facilities available on Paytm, shopping on Paytm Mall, and online payments at internet apps such as Uber, Myntra, Lenskart, Gaana, Pepperfry, HungerBox, Patanjali, Spencer’s among others. Paytm has continued expanding its postpaid services with strategic partnerships with businesses to offer users relief during the ongoing pandemic, as the increased credit limit and a large set of use-cases excludes the need to withdraw cash for meeting monthly household costs.

Postpaid is available in three different blocks of the credit limit, i.e. Lite, Delite, and Elite. Postpaid Lite comes with a limit of up to Rs. 20,000 and is the variant designed for users without a credit score to avail the convenience and usefulness of instant credit. Delite and Elite give credit limits up to Rs. 1 lakh in monthly expenses with no additional convenience payments.

Bhavesh Gupta, CEO – Paytm Lending, said that postpaid service had emerged as a significant payment option for their fellow citizens, especially during the festive season. The company’s services have been availed by over seven million users, and the company is on the way to cross the milestone of 15 million customers by the end of the current financial year. They were committed to expanding their partnership with all kinds of business segments across the country and providing a transparent and flexible payment option to their customers.

Paytm postpaid is in the process of integration with over two lakh Paytm Android POS gadgets powering shoppers to shop on credit score and benefitting the retailers across the country. This service is available for recharges and bills on Paytm, online payments on internet apps, and also for purchasing domestic essentials from Kirana stores.


Please enter your comment!
Please enter your name here