The lockdown was announced 3 months ago in India to protect COVID-19, and its impact on the Indian economy is being seen since then. Now, India is in unlock plan 1.0, and we can see some differences in economic transactions. People are moving towards online payments or contactless payments to avoid any person coming to touch. Because of the prevailing situation, companies like Paytm, PhonePe, and Google Pay have taken several steps to ease the people's ease.
Paytm has increased its postpaid service for offline retailer outlets and nearby grocery stores. After this facility, people can buy groceries, milk, and essential goods. The service will also work at nearby stores as well as Reliance Fresh, Haldiram, Apollo Pharmacy, etc. This service will be available for purchase on Paytm Mall. You can also use the service on online payments such as Domino's, Tata Sky, Pepperfry, Spencer's, HungerBox, Patanjali, etc.
Key Features of Paytm Postpaid:
Paytm has increased the credit limit of its postpaid product to Rs 1 lakh. Earlier, the limit was up to ₹ 60,000, and this limit was for some limited purchases. The three new updated features of Paytm Postpaid are placed in Lite, Delite, and Elite. The credit limit for Lite is kept at Rs 20,000. The credit limit for Delite and Elite variants has been increased from Rs 20,000 to Rs 100,000. It does not include any consortium charges. Users will have to complete KYC with partner NBFC for the use of Postpaid service. The bill payment has to be submitted on the 7th of every month. Users will always have to keep an eye on their Paytm postpaid passbook to be aware of their monthly expenses. Paytm Postpaid facility has been extended to more active people. If you want to use a postpaid account, you will need to use the most Paytm for payment.
What is Paytm Postpaid?
Paytm provides digital credit to users with its postpaid feature. With this feature, users can make payments for the purchase of their essential goods and make payments before the 7th of next month. It is a simple service that does not require any paperwork or documentation.
How to use Paytm Postpaid?
1- Log your Paytm account for Paytm Postpaid.
2- Search the Paytm postpaid after logging in.
3- Go to the active my postpaid account by visiting the banner. After completing the process, it will tell you your credit limit.
4- Generate passcode to start Paytm postpaid.
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