Overview
- Launched on Sept. 17, the feature is powered by NPCI and works across any merchant UPI QR code as well as online payments, recharges, bills and bookings in the Paytm app.
- Paytm partners with Suryoday Small Finance Bank for underwriting, positioning the offering as short‑term liquidity through the familiar UPI payment flow.
- Onboarding requires creating a Credit Line on UPI account, completing KYC with Aadhaar authentication, selecting Suryoday SFB, linking to UPI and setting a UPI PIN.
- Availability starts with users identified by spend behaviour, with Paytm stating it will expand access over time and promising instant settlement for merchants.
- The relaunch follows Paytm’s earlier BNPL pause and coincides with its return to profitability, as rivals push similar credit‑on‑UPI models including PhonePe and Flipkart’s super.money.