Paytm has recently expanded its postpaid service. Under this service you will get one month non-payment discount if you buy items
New Delhi: Paytm has recently expanded its postpaid service. Under this service you will get one month non-payment discount if you buy items (kirana and other retail outlets) from your nearest General Store, Reliance Fresh, Haldiram, Apollo Pharmacy, Shoppers Stop and other retail chains.
PaytmTo avail the Paytm postpaid service, Paytm users will see the 'Postpaid' icon in the Financial Services section. For this one has to complete online KYC with partner NBFC. An icon will appear when finished. The bill will need to be returned by the 7th of each month.
The service is being offered in partnership with two NBFCs (non-banking finance companies). The company has introduced three variants of postpaid. These include Lite, Delite and Elite where the facility of postpaid lite is limited up to Rs 20,000 with fee.
PaytmOn the other hand, Delite and Elite are coming with a credit limit of Rs 20,000 to Rs 1 lakh per month. There will be no facility fee. You can make purchases according to the limit and later pay the credit to Paytm at your convenience.
Paytm launched the postpaid service last year. The company provides postpaid service to select customers. Earlier with this service customers could pay for mobile recharge, movie tickets bookings and DTH etc but now retail chains and grocery stores can also be paid through it.
