One 97 Communications Limited, which operates Paytm, has announced the launch of Paytm Postpaid, a credit line on UPI, in partnership with Suryoday Small Finance Bank. The new service offers consumers the convenience of “spend now, pay next month” with up to 30 days of interest-free credit.
With this facility, consumers can make instant payments at any merchant UPI QR code or on online platforms. The credit line can be used for shopping, bill payments, recharges, bookings on the Paytm app, and more. Paytm said the service is currently being rolled out to a select base identified through spend behaviour and will be expanded to a wider set of users in the coming months.
The company emphasised that the solution leverages its technology for secure, real-time payments, giving consumers greater flexibility to manage liquidity without disrupting daily expenses. Merchants benefit from universal acceptance and assured settlement through the familiar UPI payment flow.
Avijit Jain, Chief Operating Officer – Lending at Paytm, said the launch provides families and individuals with more flexibility in managing everyday expenses. “Whether it’s paying at a local store, managing household bills, or shopping online, this solution is designed to make life simpler. In partnership with Suryodaya Small Finance Bank and powered by NPCI, this launch reflects our commitment to offering secure, compliant, and innovative payment solutions that truly put consumers first,” he said.
Vishal Singh, Chief Information Officer and Head of Digital Banking at Suryoday Small Finance Bank, added that the collaboration aims to expand access to secure and responsible credit. “By enabling Paytm Postpaid on UPI, we are empowering consumers with greater flexibility to manage their everyday spends, while ensuring the reliability of a regulated banking partner,” he said.
Consumers can onboard by selecting Paytm Postpaid on the Paytm app, completing KYC verification, and linking the account with UPI through Suryoday Small Finance Bank. Once activated, payments can be made through the linked credit facility across UPI touchpoints.
Paytm said the launch is part of its larger effort to make everyday payments smarter and simpler. The app also recently introduced features like spend categorisation with monthly summaries, the ability to hide or unhide payments, personalised UPI IDs, and downloadable UPI statements in Excel or PDF.
Disclaimer: This article is based on an official press release filed by One 97 Communications Limited (Paytm). It is for informational purposes only and should not be construed as investment advice.
