Paytm has tied up with ICICI Bank to jointly launch 'Paytm-ICICI Bank Postpaid'.
Now, Paytm customers will get access to instant credit for the first time for everyday use-cases, ranging from movies to bill payments to flights to physical goods.
Features of the card
- A seamless way to access interest-free short-term digital credit.
- Users will get a digital credit account with instant activation
- No hassles of documentation or branch visit, while activation is fully online.
- No transaction, joining or hidden administration fees.
- Available 24x7 and on all day.
- Based on the credit score of the customer, the bank offers upto 45 days interest-free credit limit.
- It is based on a new BigData-based algorithm by ICICI Bank for real-time credit assessment of customers.
- It ranges from Rs. 3,000 to Rs 10,000, extendable upto Rs. 20,000 based on the repayment history. Paytm-ICICI Bank Postpaid will also offer a quick checkout to customers with the Paytm Passcode.
- The algorithm uses an intelligent combination of financial and digital behaviour of the customer including credit bureau check, purchase patterns, frequency of purchase to ascertain the credit - worthiness of a customer within a few seconds.
