Paytm expands ‘Postpaid’ services to Kiranas and other internet apps

NEW DELHI: Paytm has announced expansion of ‘Paytm Postpaid’ to a large set of payment use-cases. This service can now be availed to buy groceries, milk, and other home essentials from neighbourhood Kirana stores and also at retail destinations such as Reliance Fresh, Haldiram, Apollo Pharmacy, Croma, Shoppers Stop among others. Additionally, it has also been extended 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.
Paytm Postpaid is offered in partnership with two leading NBFCs with an instant credit line for various payments to Paytm app users. The company has increased the credit limit of ‘Paytm Postpaid’ to Rs 100,000 of monthly spends to enable payment for large items such as furniture and consumer electronics among others.
Initially, select users will be shown a Postpaid icon in the Financial Services Section to avail Paytm Postpaid post completion of their online KYC with partner NBFC.