The new service will allow users to make instant payments across any merchant UPI QR code, online platforms, or the Paytm app using a short-term credit facility of up to 30 days interest-free, according to a statement.
Initially being rolled out to select users based on spending behaviour, it will be expanded to a wider base in the coming months.
Consumers can use Paytm Postpaid for shopping, bill payments, recharges, and bookings, while merchants benefit from universal acceptance and instant settlements through UPI. The onboarding process involves activating the service via the Paytm app, completing KYC, linking with Suryoday Small Finance Bank, and setting up a UPI PIN.
Avijit Jain, COO – Lending, Paytm, said the new service offers families extra flexibility to manage everyday expenses with ease. “Whether it’s paying at a local store, managing household bills, or shopping online, this solution is designed to make life simpler,” he added.
Vishal Singh, CIO & Head Digital Banking, Suryoday Small Finance Bank, said: “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.
Paytm said the launch, powered by NPCI, leverages its strength in secure, real-time payments and complements its suite of consumer features such as spend categorisation, monthly spend summaries, and personalised UPI IDs.
