Paytm Launched Postpaid Service, Buy Now, Pay Next Month.

One97 communications owned Paytm has launched a new service called 'Paytm Postpaid', Users can spend now and pay next month.

The new service by Paytm allow users to spend hassle free and the money later in next month. Users don't have to pay extra for this service, they have to pay the same amount of money as much they had spent in the previous month.

Currently, this feature is under in beta testing (Paytm said that it's limited invites only, Hurry now.), very soon it will come to the common users but you can activate this service from your profile section. Then you can choose this payment option for any purchase.

Users need not use the credit card or net banking for payment, it is hassle-free no OTP no PIN. Each user will have a credit limit based on his transactional history on Paytm. The credit limit increases based on usage of Paytm Postpaid of the user. Paytm will remind you to pay your postpaid bill on 1st, 10th and 15th of every month, if you miss the deadline then, you will not able to transact through your Paytm wallet. But, you will still able to pay your bill amount and activate your Paytm wallet. There will be a late payment fee and it will be added to your next monthly bill.