Paytm partners with ICICI bank to enable customers avail instant credit facility

Paytm, the country's largest e-payments platform, has tied up with banking major ICICI Bank to jointly launch a digital credit facility. 

This tie-up will enable Paytm customers to avail instant credit for various purposes including bill payments, flight tickets or consumer durables.

The credit facility 'Paytm-ICICI Bank Postpaid' is a digital credit account with instant online activation — without documentation or branch visit.There are no fees on the transaction. 

"This will democratize access to credit including those with less disposable income," said Vijay Shekhar Sharma, founder and CEO, Paytm.