Paytm introduces BNPL service

Monday 5 July 2021 15:15 CET | News

Fintech startup Paytm has announced it will now offer loans starting from EUR 2.5 to EUR 11.5 as part of its Buy Now, Pay Later service, Paytm Postpaid.

The small-ticket loans will be interest-free for up to 30 days and can be used at online and offline merchant stores across the country.

The service will be offered in partnership with Aditya Birla Finance, a non-banking financial company, and can be used to pay for expenses such as mobile and DTH recharges, gas cylinder booking, electricity, and water bills, among others.

Paytm's Postpaid Mini can be used to pay at thousands of petrol pumps, Kirana shops, pharmacies, as well as chain outlets such as Reliance Fresh, along with ecommerce websites and offline retail stores.

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Keywords: Paytm, BNPL, financial services
Categories: Payments & Commerce
Countries: India
This article is part of category

Payments & Commerce