Private Sector Digital Wallet App PAYTM and ICICI Bank
declares that they will give credit limit to their customers in the terms of
Digital Credit. Customers can avail Credit Benefits for short time period.
Customers will avail offers instantly under the name of “PAYTM-ICICI BANK POSTPAID
OFFER.” Customers will get digital credits for use of Bill Payment, Movie
Tickets, Recharge, flight tickets booking, online Shopping and much more.
In New offer “PAYTM-ICICI BANK POSTPAID” customers can avail
Digital Credit Account with instant activation without any documents or branch
visit because activation will be online for the new customers. Customers can
avail the digital credit offer if their credit score will acceptable under
terms and conditions of the offer. That means Credit score is most important
factor to receive Digital Credit. On the basis of Credit Score they can offer
up to 45 Days Interest free Digital Credit limit. Credit limit is in the range
from ₹ 3000 to ₹ 10000 and it will be extend to ₹ 20000 if repayment history of
the customer is better. PAYTM-ICICI Bank Postpaid offer will have quick
checkout option in PAYTM passcode.
First of all, PAYTM-ICICI Bank Postpaid will offer selection
for ICICI customers in PAYTM App and will also available for non-ICICI Bank
customers for PAYTM App very soon. When Credit limit will be set for customers,
first bill will generate on the 1st day of next month, which have to
be paid within 15 days in same month. Customers can repay the due amount from PAYTM
Wallet, debit card, internet Banking.
STEPS FOR AVAILING OFFER OF "PAYTM-ICICI POSTPAID".
HOW CREDIT SCORE IS DETERMINED?
ICICI Bank Explained About “How Credit score will be
determine?” They explained, "It is based on a new big data based algorithm
by ICICI Bank for real-time credit assessment of customers. 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."
ICICI Bank Executive director Mr Anup Bagchi Said that we
are delighted to launch PAYTM-ICICI Bank Postpaid, our first offering in this
space in association with PAYTM. Founder and CEO of PAYTM, Mr Vijay shekhar
Sharma Said that we believe our customers are sincere with their payments
and PAYTM Postpaid will play a major role in helping them pay for their daily
expenses on time. We are happy to launch credit in a digital way to the masses
in the form of PAYTM Postpaid with ICICI Bank as our first partner.
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