India: Paytm extends 'Postpaid’ lending service to offline retail outlets

India: Paytm extends 'Postpaid’ lending service to offline retail outlets

FILE PHOTO: A worker adjusts a hoarding of Paytm, a digital payments firm, in Ahmedabad, India, January 31, 2019. REUTERS/Amit Dave

Digital payments firm Paytm has expanded the scope of its consumer lending product Paytm Postpaid to offline retail and kirana stores. This service will help users eliminate the need to withdraw cash to meet monthly household expenses, the company said.

Kiranas and neighbourhood stores had remained functional during the harshest phase of the covid-19 lockdowns, pushing many technology firms to look at innovating products to tap this segment.

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