Know everything about it…

Paytm entered the Indian market as a mobile wallet. As time passed, different services started getting added to Paytm. Now Paytm, which is considered to be India’s most popular wallet, has launched Paytm Postpaid service. In Paytm’s words, Paytm Postpaid is a kind of credit card for the users. You can pay for any service today using Paytm Postpaid. And you can pay that money next month. Currently, Paytm Postpaid service is under beta testing. Right now this service has not been made available to all Paytm users. But if you want, you can give your approval to start Paytm Postpaid service.

You can use ‘Paytm Postpaid’ service for mobile-DTH recharge, cinema ticket booking and Paytm shopping. Even if you do not have money in your wallet, payment will be done with the help of this service of Paytm. During this, you will not even need to use credit card or netbanking. Let us tell you that under Paytm Postpaid, every user will have a spending limit. Customers will be able to make payments only within the prescribed limit through Paytm Postpaid. After this, you will have to pay that amount at the end of the month.

If you want, you can activate Paytm Postpaid by going to the profile section in the Paytm app. After this, you can choose this payment option for any purchase on Paytm.

It is possible that many questions may be arising in your mind about Paytm Postpaid? We will try to answer these questions further…

What is Paytm Postpaid and how will it be activated?

Paytm Postpaid is a kind of credit service of Paytm mobile wallet. Suppose this is also the amount present in your wallet which you have to pay later. You can use Paytm Postpaid balance for mobile and DTH recharge, buying movie tickets, or shopping on Paytm. The company has informed that Paytm Postpaid will soon be activated for Scan and Pay.

Currently, this service is being beta tested. This means that this service is not available to every Paytm user. Only select users are able to use it. But every user can express their interest in this service. To activate it, go to the profile section of Paytm. Click on Paytm Postpaid here and activate this service by following the further instructions.

Paytm on its website But it has been informed that the credit service is being provided by ICICI Bank. Paytm is only working as a platform. Paytm Postpaid is currently available only to select customers. It depends on the transaction history of the Paytm user and having a savings account in ICICI Bank.

What is the limit or balance of Paytm Postpaid?

As soon as you activate Paytm Postpaid, you are informed about the postpaid balance on the next page. The limit of Paytm Postpaid depends on the way you use Paytm. Users can then use only the prescribed amount as Paytm Postpaid.

When will my Paytm postpaid bill arrive?

It was told Every month, the bill for all the transactions done through Paytm Postpaid will come on the first date of the next month. The postpaid bill has to be paid by the 7th of that month. In case this is not done, a penalty will be charged from the Paytm user. Reminders will be sent to the Paytm user on the first, 10th and 15th of the month for postpaid bill payment. If the payment is not made by the 7th, the Paytm postpaid account will be deactivated. As soon as the customer pays the postpaid bill, the account will be activated again. But a late fine will be charged on the next month’s bill.