Paytm, India’s leading digital financial services platform, Paytm has introduced a new facility in 2020 for its users. which provide you instant credit in your Paytm account called– “Paytm Postpaid”.
To get this credit facility, you do not need submit any kind of documentation or you do not have to pay any kind of fees to get this feature activated for your Paytm account.
You just have to apply through the paytm app to fill up all the information that has been asked on that Paytm app and submit the form.
Once you complete the form this postpaid feature will be activated in your account after some time and you will get the credit amount in your wallet. So, let's take a detailed ride about this feature and know some more exciting things about it.
The Paytm postpaid service will be available to buy groceries, milk, and home essentials. This will be open for both neighborhood Kirana stores along with retail destinations such as Apollo Pharmacy, Croma, Reliance Fresh, Haldiram, Shoppers Stop, etc.
Alternatively, one can also use the postpaid service for various bill payments facilities available on the Paytm app, along with online payments at Domino’s, Spencer’s, Tata Sky, Pepperfry, HungerBox, Patanjali, etc. Paytm users will also be able to opt for large items such as furniture and consumer electronics, with the enhanced credit limit.
What Is Paytm Postpaid Service?
Paytm Postpaid services are providing digital credit services to Indian users, Paytm Postpaid allows to user make transactions digitally all over the india.
This facility allows you to make payments later in the form of EMI or the full amount. This new facility enables you to make payments for all daily products, such as groceries, milk, and other products that are available in the Kirana stores.
Besides, paytm postpaid services allow you to make payments to big stores like Haldiram, Apollo Pharmacy, Croma, Shoppers Stop, and more.
Paytm Postpaid is offered in partnership with two NBFCs. Users get instant credit for various payments. Paytm has now increased the credit limit to up to Rs. 100,000.
The credit bill payment for Paytm Postpaid can be done by the 7th of the every month.
Where You can use Paytm postpaid Credit Limits
- Recharges - Mobile & utility bill payments
- Online shopping (Paytm Mall)
- Travel Bookings
- Scan and Pay on 5 Lac + shops
Paytm has introduced postpaid in three Variants
- Lite
- Delite
- Elite
It is based on the assessment done by the NBFC partner. Postpaid Lite comes with a limit of Rs. 20,000. The Delite and Elite offer a credit limit from Rs. 20,000 to Rs. 100,000.
There are no convenience fee charges for Delite and Elite users. But, a small convenience fee is applicable on Postpaid lite.
How to activate Paytm Postpaid Service
Here is how you can activate your Paytm Postpaid account:
- Log in to your Paytm app/account and type ‘Paytm Postpaid’ in the search icon on your home screen.
- Next, select the ‘My Paytm Postpaid’ icon. You will be asked to click on ‘check your credit score’. Click to proceed.
- To check your credit score, you will have to confirm your name, contact details, PAN, and date of birth, as registered with your bank.
- Next, your registered mobile number will be verified with an OTP.
- After completing the KYC, your service will be activated instantly or you will be put on the waiting list.
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