Paytm introducing a new scheme called Paytm Postpaid Mini. Which is develop their Buy Now, Pay Later service. It has built to help people pay their mobile and DTH recharges, gas cylinder booking, electricity and water bills and many more. However, it offers small ticket instant loans, differ from Rs. 250 to Rs. 1000.
Moreover with the feature of Paytm Postpaid Mini, users can benefit these small ticket instant loans. And with a period of 30-days for repayment of the loans at 0% interest. Paytm promises that they will only charge a minimal convenience fee, and no annual fees or activation charges. However, Postpaid Mini was introduced in partnership with Aditya Birla Finance Ltd.
Commenting on the launch of Postpaid Mini, Bhavesh Gupta, CEO of 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.|
Furthermore, Paytm Postpaid is available in over 550 cities in India. And it is accept at petrol pumps, pharmacy shops, chains outlets such as Reliance Fresh, Apollo Pharmacy, etc. And in both online and offline retail stores across India.