India, Sept. 17 -- Over a year after halting its buy-now-pay-later (BNPL) product Paytm Postpaid, the fintech major has relaunched the product as a credit line on UPI. Launched in partnership with Suryodaya Small Finance Bank, Paytm Postpaid will enable users to access instant short-term credit under a scheme titled "Spend Now, Pay Next Month".

The service is being rolled out selectively to customers more likely to avail such credit, with broader expansion planned in the coming months. The facility offers up to 30 days of short-term credit.

Paytm wound down its Postpaid product in May 2024, citing a broader decline in asset quality across the industry. Initially launched as a BNPL product, Postpaid was later repositioned as small-ticket...