We are expanding Paytm Postpaid services to kirana stores & your favourite apps, with an enhanced credit limit of up to Rs. 1 Lakh

We are happy to announce a significant expansion of ‘Paytm Postpaid’ to a large set of payment use-cases. Our service can now be availed to buy groceries, milk, and other home essentials from neighbourhood Kirana stores and also at popular retail destinations such as Reliance Fresh, Haldiram, Apollo Pharmacy, Croma, Shoppers Stop among others.

Additionally, we have also extended our service to various bill payments facilities available on Paytm, shopping on Paytm Mall, and online payments at internet apps such as Domino’s, Tata Sky, Pepperfry, HungerBox, Patanjali, Spencer’s among others. We are glad that our service comes as a great relief to our users during the ongoing lockdown, as the increased credit limit & a large set of use-cases will eliminate the need to withdraw cash for meeting monthly household expenses.

Our Postpaid service is offered in partnership with two NBFCs with an instant credit line for various payments to Paytm app users. Seeing an increasing demand for consumer credit during the ongoing pandemic, we have increased this credit limit up to Rs.100,000 of monthly spends to enable payment for large items such as furniture and consumer electronics among others. Initially, our select users will be shown a Postpaid icon in the Financial Services section to avail Paytm Postpaid post completion of their online KYC with our partner NBFC. The bill repayment can be done by the 7th of each month or earlier. Our users can access their passbooks to analyze monthly spends to plan everyday expenses.

We have introduced 3 variants of Postpaid viz. Lite, Delite and Elite, which will be offered based on our partner NBFC’s assessment. While Postpaid Lite comes with limits up to Rs. 20,000 and a convenience charge which will be added to the monthly bill, the Delite and Elite offer credit limits from Rs. 20,000 to Rs. 1,00,000 in monthly spends with no convenience charges. Our Postpaid Lite variant has been designed so that our users without excellent credit scores are also able to avail the convenience & benefits of this service. However, there is no cost associated with activating & keeping Paytm Postpaid or any of its variants.