Navi Mumbai, September 17^th, 2025: Suryoday Small Finance Bank (SSFB), one of India’s leading small finance banks with a strong focus on financial inclusion, has announced the launch of a Credit Line on UPI facility in collaboration with Paytm (One 97 Communications Limited). This innovative offering empowers consumers with the flexibility to ‘Spend Now, Pay Next Month’ while ensuring the safety and reliability of a regulated banking partner.

With this launch, customers can seamlessly make payments using a short-term credit facility on UPI across all merchant touch points — from scanning any UPI QR code to shopping online, paying bills, recharges, and bookings via the Paytm app. The facility provides up to 30 days of interest-free credit, giving individuals the freedom to manage everyday spends without disrupting liquidity. The service is currently being rolled out to a selected base, identified through spend behavior, and will be expanded to more consumers in the coming period.

Commenting on the launch, Vishal Singh, Chief Information Officer and Head Digital Banking at Suryoday Small Finance Bank, said, “This collaboration reflects our commitment to expanding access to secure and responsible credit. By enabling Paytm Postpaid on UPI, we are empowering consumers with greater flexibility to manage their everyday spends, while ensuring the reliability of a regulated banking partner. Together with Paytm, India’s trusted payments platform, we aim to deliver a seamless and reliable credit experience that combines convenience with responsibility.”

Paytm, India’s pioneer in mobile payments and financial services distribution, brings its deep technology expertise to this initiative. The service leverages Paytm’s secure, real-time payments infrastructure to ensure universal merchant acceptance and instant settlement.

Avijit Jain, Chief Operating Officer–Lending at Paytm, said, “In India, families and individuals often look for a little extra flexibility to manage their everyday expenses with ease. We are delighted to bring Paytm Postpaid, Credit Line on UPI, offered in collaboration with Suryoday Small Finance Bank and NPCI. This solution makes it possible to spend instantly and comfortably repay the next month, whether it’s paying at a local store, managing household bills, or shopping online. This launch reflects our commitment to offering secure, compliant, and innovative payment solutions that truly put consumers first.”

Onboarding Process

• Open the Paytm app and tap the Paytm Postpaid icon on Home page

• Create your Credit Line on UPI account by filling basic details, validating KYC, and setting up the mandate

• Link the account with UPI by choosing Suryoday Small Finance Bank and authenticating via Aadhaar

• Set up a UPI PIN and start making payments through the linked credit facility

With a strong consumer-first approach, Suryoday Small Finance Bank has also recently launched FD-backed secured credit cards, available in RuPay Select and RuPay Platinum variants. With instant virtual issuance, and cashback benefits, these cards are designed to extend formal credit access to first-time users, homemakers, and retirees while leveraging fixed deposits as collateral.

About Suryoday Small Finance Bank Limited

Suryoday Small Finance Bank Limited is a scheduled commercial bank that commenced operations as an SFB on January 23, 2017, after over a decade as an NBFC focused on serving unbanked and underbanked customers. Among India’s leading SFBs in terms of margins, yields, and deposit growth, Suryoday operates through 710 banking outlets across 15 states and UTs, with a strong presence in Maharashtra, Tamil Nadu, and Odisha. The Bank offers a wide range of asset and liability products through multiple delivery channels and is listed on NSE and BSE.

For more details, visit: www.suryodaybank.com

Media Contact (Suryoday): Ankitkumar.happy@suryodaybank.com

About Paytm

Paytm (One 97 Communications Limited), India’s full stack merchant payments leader serving MSMEs and enterprises, a leading financial services distribution company, and the pioneer of mobile payments, QR codes, and Soundbox, continues to drive financial inclusion by empowering small businesses and consumers with technology-led solutions. Its mission is to serve half a billion Indians and bring more people into the mainstream economy.

Media Contact (Paytm): corpcomm@paytm.com