Paytm has made a big move in digital payments by teaming up with Suryoday Small Finance Bank (SSFB) to introduce Paytm Postpaid.
This new service lets users enjoy interest-free credit for up to 30 days. Simply put, you can shop now and pay for it after 30 days.
This “spend now, pay later” option can be used for everyday expenses or shopping.
Where Can You Use Paytm Postpaid?
With Paytm Postpaid, customers can pay through any UPI QR code, online shopping sites, or services within the Paytm app like mobile recharges, bill payments, and ticket bookings.
Who Can Use It?
Right now, this service is available only to selected customers, chosen based on their spending habits. Paytm plans to expand it to more users in the coming months.
Why Is Paytm Postpaid Special?
This feature is backed by the National Payments Corporation of India (NPCI) and built on Paytm’s existing UPI technology.
For customers: It gives you the flexibility to spend a little extra without worrying about immediate payment.
For merchants: It offers confidence and instant settlement of UPI payments.
What Do Officials Say?
Paytm COO (Lending) Avijit Jain said this service will help families and individuals manage their expenses better.
Suryoday Bank CIO Vishal Singh added that the partnership supports the bank’s goal of offering responsible credit.
How To Use Paytm Postpaid
To start, customers must complete KYC on the Paytm app. You’ll also need to link your UPI ID, complete Aadhaar authentication, and set your UPI PIN.
