India’s leading digital financial services platform Paytm today announced the launch of Postpaid Mini, an extension of its Buy Now, Pay Later service, driving affordability amongst those new to credit. These small ticket instant loans will give flexibility to users and also help manage their household expenses to maintain liquidity during the ongoing pandemic. This service has been launched in partnership with Aditya Birla Finance Ltd.
With the launch of Postpaid Mini, the company will offer access to loans ranging from Rs 250 to Rs 1000, in addition to Paytm Postpaid’s instant credit of upto Rs 60,000. This will help users pay for their monthly expenses, including mobile & DTH recharges, gas cylinder booking, electricity & water bills, shop on Paytm Mall and more. With this service, Paytm Postpaid is offering a period of up to 30-days for repayment of loans at 0% interest. There are no annual fees or activation charges, only a minimal convenience fee.
Through Paytm Postpaid, users can pay at online and offline merchant stores across the country and not have to worry about upsetting their monthly budgets. Paytm Postpaid is currently accepted at thousands of petrol pumps, neighbourhood kirana stores or pharmacy shops, popular chain outlets (such Reliance Fresh, Apollo Pharmacy, etc.), internet apps (such as Myntra, Firstcry, Uber, Dominos, Ajio, Pharmeasy, etc.) and popular retail destinations (such as Shoppers Stop, Croma, etc.) among others. Paytm Postpaid is available in over 550 cities in India.
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.”
more recommended stories
TCS Positioned as a Leader in Life Science Digital Services by Everest Group
NEW YORK/MUMBAI:Tata Consultancy Services (TCS) (BSE:.
Dalmia Bharat Wins Award at FICCI Indian Circular Economy Awards 2022
NEW DELHI:Leading cement company, Dalmia Bharat.
Meesho Appoints Divyesh Shah as Vice President
MUMBAI:Meesho, India’s fastest growing internet commerce.
PayNearby Issues over 1 lakh PAN Cards from Semi-Urban and Rural Kirana Stores
MUMBAI:In its bid to provide a.
Kerala Govt Announces ‘Dreamvestor’ – Innovative Idea Contest
THIRUVANANTHAPURAM:The Kerala government today announced an.
Godrej Interio reveals 47% Revenues from Green Products
MUMBAI:Godrej & Boyce, the flagship company.
Cyberpark, Kozhikode in the Path of Expansion
KOZHIKODE:Cyberpark, Kozhikode the first IT park.
XEMPT Introduces ‘Party Pitcher Max’ Bluetooth Party Speaker
NEW DELHI:Indian lifestyle brand XEMPT- feel.
Croma’s Black Friday Sale with Exciting Offers and Discounts
KOCHI:Croma, India’s first and most trusted.
Voye Homes Opens First Office in Kerala
KOZHIKODE:Startup company Voye Homes opened its.