One 97 Communications, the parent company of Paytm, has launched Paytm Postpaid, a credit line on UPI in partnership with Suryoday Small Finance Bank. The service allows users to “spend now and pay next month,” offering up to 30 days of interest-free credit.
The facility enables payments across any merchant UPI QR code, online shopping platform, or within the Paytm app for services such as recharges, bill payments, and bookings. It is initially being rolled out to a select set of users, identified based on their spending behaviour, and will be expanded further in the coming months.
The initiative is powered by the National Payments Corporation of India and leverages Paytm’s existing UPI infrastructure. According to the company, the offering provides consumers with short-term liquidity without affecting daily expenses, while merchants benefit from universal UPI acceptance and assured instant settlements.
Avijit Jain, Chief Operating Officer – Lending at Paytm, said the feature is designed to give families and individuals greater flexibility in managing household and personal expenses. Vishal Singh, Chief Information Officer and Head of Digital Banking at Suryoday Small Finance Bank, added that the collaboration reflects the bank’s commitment to expanding access to responsible credit.
Consumers can activate the service by completing KYC verification and linking their UPI account through the Paytm app. This requires authentication with Aadhaar and setting up a UPI PIN to enable payments using the linked credit line.
The launch comes as UPI continues to grow as India’s most widely used digital payment system. By introducing a short-term credit facility directly linked to UPI, Paytm and Suryoday Small Finance Bank aim to bridge the gap between digital payments and consumer credit. Both companies emphasised that the service is backed by regulated banking infrastructure to ensure compliance and security.
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