Paytm-ICICI Bank Postpaid Offer: Digital Credit for Users

Paytm (a digital wallet app) and ICICI Bank (a private sector bank) have collaborated to announce all new initiatives where users can receive short-term digital credits. In the new offer, named Paytm-ICICI Bank Postpaid, Paytm customers will get instant loans for various uses such as movie tickets, bill payment, flights booking, as well as paying for physical goods. They call it “Buy today and pay next month”

ICICI Bank executive director Anoop Bagchi said, “We are pleased to launch the Paytm-ICICI Bank Postpaid, our first offering in this space in association with Paytm”

Vijay Shekhar Sharma, founder, and CEO Paytm said, “We believe our customers are sincere with their payments and Paytm Postpaid will play a major role in helping them pay for their daily expenses on time. We are happy to launch credit in a digital way to the masses in the form of Paytm Postpaid with ICICI Bank as our first partner.”

Paytm ICICI Bank Postpaid

How to Use This Service?

  1. Go to your profile section and tap on Paytm Postpaid
    paytm postpaid how to use
  2. You will be redirected to the next page. Here, you have to enter your PAN and Aadhar related information and you are done here!
  3. It will take few minuted to set up your account! Now you are all set to go
  4. Now book movie tickets, pay bills, book flights, as well as pay for physical goods using your Paytm Postpaid.
  5. You can check the status in the Paytm Passbook section

The above-mentioned procedure is only for ICICI bank customers

Is this Service Available for Non-ICICI Bank Customers?

No, currently this service is not available for non-ICICI bank customers. I am also one of them. So what can we do? we can register for Paytm Postpaid service. How? Follow these steps!

  1. Go to your profile section and tap on Paytm Postpaid
  2. You will be redirected to a page, tap on “Yes I’m interested”
  3. On the next page, you will see a message, “Thank you for your interest, we will reach out to you soon”
    paytm postpaid how to use non icici
  4. Now tap on “Go to passbook” you are done here!

How does It work?

paytm icici postpaid

According to the new Paytm-ICICI Bank Postpaid offer, customers can get digital credit accounts with instant activation without any documentation or branch visit. This activation will be online. On the basis of credit score, customers will be offered digital credit. They are also planning to offer interest-free credit limit up to 45 days.

If this payment is not paid within the repayment period, the customer will have to pay a delayed payment fee of Rs. 50 and 3 percent interest. The credit limit will be Rs. 3,000 to Rs. 10,000. Depending on the history of repayment of subscribers, this limit can be extended up to Rs. 20,000. Paytm-ICICI Bank Postpaid will have a quick checkout option for customers.  You can access this service using your Paytm passcode.

Keep in Mind

  1. Paytm-ICICI Bank Postpaid offer will be available for the selected ICICI customers through the Paytm App. It will soon be available to non-ICICI Bank customers using the Paytm app.
  2. After setting the credit limit for a customer, a consolidated bill will be prepared on the first day of the next month, which should be repaid within 15 days in the same month. Customers will have the option of using Paytm Wallet, Debit Card or Internet Banking to repay their dues.
  3. ICICI Bank explains how a credit score is fixed, based on the new large data-based algorithm by ICICI Bank, which is for real-time credit evaluation of customers. The algorithm uses an intelligent combination of customer’s financial and digital behavior in which credit bureau checks, purchase patterns, the frequency of purchase- rightfulness within a few seconds of any customer. “

What are the Benefits of Paytm Postpaid?

Buy now pay next month

Shop on Paytm using your Paytm Postpaid service and repay the bills on the 15th of next month. The limit of this service is in between Rs. 3,000 to Rs. 10,000

Faster Shopping

Paying your bills using credit or debit cards take time. Now you can pay faster using Paytm Postpaid.

If you find this article informative or have any suggestion, you can write your views in the comment box below. Let’s have a healthy discussion. Do stay tuned with Onepromocode for further upadates

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