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Paytm has partnered with two Non-Banking Financial Companies (NBFC) to increase Paytm Postpaid for extra payment use-cases. According to the corporate, now you can use Paytm Postpaid to purchase groceries, milk, and different home 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 enlargement, the corporate may even provide invoice payment services, buying on Paytm Mall, and on-line funds at Domino’s, Tata Sky, Pepperfry, HungerBox, Patanjali, Spencer’s, and more. You might 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 shall 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 associate NBFC.
Meanwhile, Paytm has launched three new variants of Paytm Postpaid specifically Lite, Delite, and Elite. The allocation shall be primarily based on associate 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 won’t 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,” mentioned Amit Nayyar, President at Paytm in a statement.
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