Now, this is an interesting partnership between Paytm and ICICI bank.
The partnership will enable lakhs of Paytm customers to get access to instant credit for the first time for everyday use-cases ranging from movies to bill payments to flights to physical goods.
You can now get up to 45 days interest-free credit on Paytm. The credit amount ranges from Rs 3,000 to Rs 10,000, and is extendable up to Rs 20,000 based on your repayment history. Paytm-ICICI Bank Postpaid will also offer a quick checkout to customers with the Paytm Passcode and is available 24×7 and on all days of the year.
Paytm-ICICI Bank Postpaid allows you to buy today and pay later. You can set up your Paytm-ICICI Bank Postpaid account through the Profile section on the Paytm app.
You can select ‘Paytm-ICICI Bank Postpaid’ as a payment option for your purchases on the platform. Using Paytm-ICICI Bank Postpaid as a payment mode, you can book movie and travel tickets, do mobile recharges and shop on Paytm Mall.
First serious attack on credit cards?