Paytm Expands Postpaid Services; Increases Credit Limit as much as Rs. 1 Lakh

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Paytm Expands Postpaid Services; Increases Credit Limit up to Rs. 1 Lakh
Paytm has partnered with two Non-Banking Financial Companies (NBFC) to develop Paytm Postpaid for extra fee use-cases. According to the corporate, now you can use Paytm Postpaid to purchase groceries, milk, and different house necessities out of your native shops and established retailers together with Reliance Fresh, Haldiram, Apollo Pharmacy, Croma, and Shoppers Stop.

As a part of the growth, the corporate will even supply invoice fee providers, procuring on Paytm Mall, and on-line funds at Domino’s, Tata Sky, Pepperfry, HungerBox, Patanjali, Spencer’s, and extra. You could repay payments by the seventh of every month.

Also, Paytm has elevated the credit score restrict for Paytm Postpaid to Rs.1,00,000. The elevated restrict will likely be initially restricted to pick customers. According to Paytm, some customers will see a Postpaid icon within the Financial Services part to avail Paytm Postpaid after finishing on-line KYC with companion NBFC.

Meanwhile, Paytm has launched three new variants of Paytm Postpaid specifically Lite, Delite, and Elite. The allocation will likely be primarily based on companion NBFC’s evaluation. Paytm Postpaid Lite comes with limits as much as Rs. 20,000 and a comfort cost.

Customers in Delite and Elite tiers will get credit score limits from Rs. 20,000 to Rs. 1,00,000 with no comfort fees. Paytm mentions that there is not going to be any further prices for activating and preserving Paytm Postpaid.

“Paytm Postpaid is our mission to provide access to credit to every Paytm user. During this ongoing pandemic, it becomes more important for us to stand by fellow Indians and give them the power to buy on credit when required,” stated Amit Nayyar, President at Paytm in a press release.

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