On July 05, 2021, Paytm, digital payments platform, in partnership with Aditya Birla Finance Ltd., launched a small-ticket instant loans service named ‘Postpaid Mini’. It was as an extension of its ‘Buy Now-Pay Later’ service, to support new-to-credit customers.
Benefits of Postpaid Mini:
i.Under Postpaid Mini, the users could get access to loans ranging from Rs 250 – Rs 1,000 along with Paytm Postpaid’s instant credit of up to Rs 60,000.
ii.Under the service, Paytm Postpaid provides a 30 days – repayment period for the loans at 0 percent interest. It has a minimal convenience fee with no annual fees or activation charges.
iii.Through which, the users could pay for their monthly expenses, such as mobile recharges, DTH recharges, gas cylinder booking, electricity, water bills, shop on Paytm Mall, etc.
- It will help the user to maintain liquidity under COVID-19 by paying their bills or payments on time.
v.Paytm’s ‘Buy Now-Pay Later’ is a postpaid service that allows users to pay within 45 days of making the purchase. It will offer loans ranging from Rs 3000 to Rs 10,000 without charging any interest.
Note – Due to its availability in over 550 cities in India, Paytm Postpaid allows payments at both online and offline merchant stores across the country.
Recent Related News:
On March 16, 2021, The Securities and Exchange Board of India(SEBI) has approved Paytm UPI handle to enable fast and seamless payment mandates for Initial Public Offering (IPO) applications to benefit millions of users to invest in capital markets through various brokerage platforms using them @Paytm UPI Handle.
Headquarters – Noida, Uttar Pradesh
Founder & CEO – Vijay Shekhar Sharma
About Aditya Birla Finance Ltd.
It is a part of Aditya Birla Capital Limited
Headquarters – Mumbai, Maharashtra
MD & CEO– Rakesh Singh