Paytm Launches Postpaid, a Credit Line on UPI, in Partnership with Suryoday Small Finance Bank

Paytm (One 97 Communications Limited), India's full stack merchant payments leader serving MSMEs and enterprises, a leading financial services distribution company, and the pioneer of mobile payments, QR codes, and Soundbox, has launched Paytm Postpaid as Credit Line on UPI, powered by NPCI, in partnership with Suryoday Small Finance Bank. This innovation enables consumers with instant short-term credit and offers the convenience of 'Spend Now, Pay Next Month'.

With Paytm Postpaid, consumers can now make payments using a credit line on UPI across all merchant touchpoints. This includes scanning any UPI QR code, shopping online, or paying for recharges, bill payments, and bookings on the Paytm app. The facility offers up to 30 days of short-term credit, giving individuals the flexibility to spend instantly and repay the following month. It makes everyday payments smarter, faster, and more reliable. The service is currently being rolled out to a selected base, identified through spend behaviour, and will be expanded to more consumers in the coming period.

The service leverages Paytm's technology strength in secure, real-time payments. It gives consumers the flexibility to manage liquidity without disrupting daily expenses, while merchants benefit from universal acceptance and assured instant settlement through the familiar UPI payment flow.

Avijit Jain, Chief Operating Officer - Lending at Paytm said, "In India, families and individuals often look for a little extra flexibility to manage their everyday expenses with ease. We are delighted to bring Paytm Postpaid, Credit Line on UPI, which makes it possible to spend instantly and comfortably repay the next month. Whether it's paying at a local store, managing household bills, or shopping online, this solution is designed to make life simpler. In partnership with Suryoday Small Finance Bank and powered by NPCI, this launch reflects our commitment to offering secure, compliant, and innovative payment solutions that truly put consumers first."

Vishal Singh, Chief Information Officer and Head Digital Banking at Suryoday Small Finance Bank (SSFB) said, "This collaboration reflects our commitment to expanding access to secure and responsible credit. By enabling Paytm Postpaid on UPI, we are empowering consumers with greater flexibility to manage their everyday spends, while ensuring the reliability of a regulated banking partner. Together with Paytm, India's trusted payments platform, we aim to deliver a seamless and reliable credit experience that combines convenience with responsibility."

Source : Equity Bulls

Keywords

One97Communications Paytm Postpaid Creditline UPI SuryodaySmallFinanceBank