Paytm Launches Postpaid Mini To Offer Small-Ticket Instant Loans To Help Users Manage Monthly Expenses

In partnership with India’s leading NBFC Aditya Birla Finance Ltd. (ABFL) 

Introduces Postpaid Mini as the latest addition to the offerings of Paytm Postpaid, which is already helping individuals with instant credit 

Extends credit ranging between Rs 250 and Rs 1000 to pay for expenses like mobile & DTH recharges, gas cylinder booking, electricity & water bills, and more 

With Buy Now, Pay Later (BNPL) service, users can easily pay bills without upsetting their budget 

Provides interest-free credit for a period of up to 30-days 

Establishes presence in over 550 cities in India for convenience of more users 

India’s leading digital financial services platform Paytm 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."