Paytm Postpaid will now allow users to pay back their dues in regular fixed instalments. For the unaware, Paytm Postpaid is a credit service provided by Paytm, one of the leading online payments app of India, to its users.
Up until now, all the money that was due for a respective user needed to be paid back completely together. However, in a recent release, Paytm announced that it will now allow its credit users to pay back the dues in Equated Monthly Instalments (EMI).
Paytm Postpaid Allowing Users to Payback in EMI System
Paytm wants its users to purchase essential items for their home without any budget constraints. To allow that, the company will now allow the users to pay back their dues in an EMI system. There are more than 5 lakh shops and websites which allow Paytm’s buy now and pay later facility.
But it is not exactly interest-free. There is a nominal interest amount that is charged and added on to the EMI payments. Users can opt for multiple payment mediums such as Debit card, Credit card, and UPI for repaying the bill.