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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