Paytm launches credit line on UPI with Suryoday Small Finance Bank

One 97 Communications, the parent company of Paytm, has launched a credit line on the Unified Payments Interface (UPI) called Paytm Postpaid, in partnership with Suryoday Small Finance Bank.

The new facility, rolled out to a select base, allows those users to access short-term, interest-free credit for up to 30 days and repay it the following month.

Users can make payments with Postpaid across services such as online shopping, UPI-based payments, bill payments, recharges, and bookings on the Paytm app, the company said in a statement.


“Whether it’s paying at a local store, managing household bills, or shopping online, this solution is designed to make life simpler,” said Avijit Jain, chief operating officer, lending, Paytm.

Commenting on the partnership, Vishal Singh, chief information officer of Suryoday Small Finance Bank, said, “This collaboration reflects our commitment to expanding access to secure and responsible credit. By enabling Paytm Postpaid on UPI, we are empowering consumers with greater flexibility to manage their everyday spending.”

This development comes a few months after the company reported a consolidated net profit of Rs 123 crore for the quarter ended June 30, against a net loss of Rs 839 crore a year earlier. Revenue from operations stood at Rs 1,917 crore, up from Rs 1,502 crore in the same quarter last year.

Also Read: Banks are fast warming up to UPI credit line for small value loans