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.