PAYTM EXTENDS POSTPAID SERVICE TO KIRANAS

BENGALURU: Digital payments firm Paytm has expanded the scope of its consumer lending product, Paytm Postpaid, to offline retail and to a large set of payment use-cases on its app. The ‘Postpaid’ service can be used to buy groceries, milk and other home essentials from neighbourhood kirana stores, as well as at retail destinations including Reliance Fresh, Haldiram, Apollo Pharmacy, Croma, Shoppers Stop among others. The company has also extended the service to various bill payments facilities available on Paytm; shopping on Paytm Mall; and for payments at various online apps including Domino’s, Tata Sky, Pepperfry, HungerBox, Patanjali, Spencer’s among others. Paytm also said that it has increased this credit limit up to ₹1,00,000 monthly, as compared to ₹60,000 earlier, to enable payment for large items such as furniture and consumer electronics among others.