In partnership with Aditya Birla Finance Ltd, Paytm has come up with Postpaid Mini. It’s a credit service that allows you to buy now and pay later. It is an initiative to disperse credit amongst users amid this pandemic.
These “small-ticket instant loans” give windows to its users to manage household expenses as in pandemic one needs liquidity, the company said in its press release.
With the launch of Postpaid Mini, the company will offer its users a loan of Rs 250 to Rs 1000, besides Paytm Postpaid’s instant credit of up to Rs 60,000.
Such loans will help users pay for their monthly expenses, that is, mobile & DTH recharges, gas cylinder booking, electricity and water bills, shop on Paytm Mall and avail of other facilities offered by them.
Bhavesh Gupta, CEO – Paytm Lending said, “We want to help new-to-credit citizens start their credit journey and develop a financial discipline. Through Postpaid we are also making sincere attempts to help drive consumption in the economy. Our new Postpaid Mini service helps users manage their liquidity by clearing their bills or payments on time.”
Using Paytm Postpaid, users can pay at online and offline merchant stores across India. Currently, It is accepted in thousands of petrol pumps, neighbourhood grocery stores or pharmacy shops, popular chain outlets, and many popular retail destinations. Currently, Paytm Postpaid can be used in more than 550 cities in India.