Paytm Postpaid to power ride-now, pay-later facility for Uber riders in India

New Delhi, 11th November’20: India’s leading digital financial services platform Paytm today announced that it has partnered with Uber India to extend its Postpaid service to its riders. With this integration, users will be able to pay for their Uber rides through their Paytm Postpaid account, enabling commuters to shift from cash to Postpaid service. This will ensure greater ease to spend now, pay later.

Paytm already has a long-standing partnership with Uber, with its payment gateway benefitting millions of Uber riders to make instant payments from Paytm Wallet, Paytm UPI, and Cards. The Postpaid service integration will further promote digital transactions on Uber’s platform and enhance the customer experience.

To avail this new facility, registered users can simply pay through the Paytm app, with funds from their activated Postpaid account after completion of a trip. The user can repay later at his convenience, by paying his Paytm Postpaid bill which is generated on a monthly basis.

Bhavesh Gupta, CEO, Paytm Lending said, “We are excited to extend our long-term association with Uber India and enable its commuters to benefit from the convenience of Paytm Postpaid services. This partnership is another step towards our mission of empowering common Indians to avail of easy credit, whenever required.”

Commenting about this latest integration, Abhilekh Kumar, Head, Business Development, Uber India & South Asia said, “We applaud Paytm for extending this Postpaid service of riding now and paying later to our users. This further expands the range of safe, digital payment options available to our riders, especially during the ongoing global pandemic. With this latest integration, we hope to promote better, safer and more convenient digital transactions and reduce cash dependency on our platform.”

Paytm Postpaid services can be availed for a range of use cases; from daily purchases of groceries, milk, and other home essentials from neighbourhood Kirana stores to high value shopping at popular retail destinations such as Reliance Fresh, Haldiram, Apollo Pharmacy, Croma, Shoppers Stop among others. Additionally, it has been extended to various bill payment facilities available on Paytm, shopping on Paytm Mall, and online payments at internet apps such as Uber, Myntra, Lenskart, Gaana, Pepperfry, HungerBox, Patanjali, Spencer’s among others.