Table of Contents
About postpe
Postpe is a unique way to make payment to your daily expenses such as online recharge, fuel, purchase of groceries, food, lodging, online shopping, and many more. Here you will get a credit limit upon successful completion of necessary KYC with lending partners associated with the Postpe, Postpe is based on spend now and pay later commonly known as BNPL( Buy Now Pay Later)
Usage of postpe
- It can be used on both platform such as online and offline transactions
- You can also pay directly to the merchant just by scanning the QR code available to the stores.
- User can also use their virtual postpe card to pay online across all websites.
- You can also use the physical postpe card to pay at offline stores by swiping or tapping your card.
Benefits
As postpe is the newest form of payment mode introduced by Bharatpe, it makes shopping and spending easier for the user.
- You can make QR payment both online and offline
- It is based on spend now pay later.
- You can also pay on stores and merchant outlets through Point of Sales (POS) by swiping the card or just by tapping the card.
- Postpe allows you to pay your outstanding bill in one go or you can convert your outstanding bill in Equated Monthly Instalments (EMI) with the term of your choice.
- You also earn exciting rewards and cashback.
Card Application and Credit Limit
You can simply get your postpe card by shining to the app through your mobile number and successfully completing your KYC using PAN and Aadhaar numbers. After that, you can also apply for the physical card through the app in the card section which will be dispatched to you in a week to your communication address via registered mail or courier.
On successfully completing the KYC you will get a credit limit of up to Rs 10 lakhs depending upon your CIBIL score. However, the limit provided on the card cannot be used for ATM cash withdrawals. This limit can be enhanced depending upon the usage of the card and timely repayment of the outstanding amount.
Fee and Charges
There is no joining or annual fee for the postpe registration.
However using the card some stores may levy surcharges such as fuel stations liquor stores restaurants, etc These charges are government regulated and are imposed by the merchant directly.
Fund Transfer
Through the postpe app, users can send funds to their friends and family simply by entering the mobile number and the amount from the approved limit through their app. The receiver has to sign in to the postpe using the same mobile number to receive the fund. If the receiver is already a postpe user then he can use the amount immediately. Users can also send amounts to their own bank account which will be deducted from the approved limit.
Billing Cycle
The Postpe billing cycle starts from the 1st day of the month and ends on the last of the same month means all of your transactions are done through the cards and the app club together and generate a bill on the 1st day of the next month. Then the user has to select a payment plan for the bill by the 5th of the next month by choosing the option as follows:
• Full outstanding payment – zero fees.
• Convert your outstanding into EMIs of 3 to 6 months – interest will be charged and the amount will be shown at the time of EMI creation.
Bill Payment
User can pay their outstanding bill through multiple options such as One-time payments just by clicking “Pay Now” or “Clear Dues” or can choose between EMI options through UPI, debit card, or Net banking. On EMI payment the interest rate of 1.5% per month is levied and 0.1% levied for each day if the EMI is not paid by the due date.
Rewards
It has to Refer and Earn cashback program. The more you refer the higher you go in cashback Tiers. Here Cashback Tiers mean if you refer one friend of yours you qualify for an increase in your tier of cashback and your friend gets assigned a 1% cashback tier. That means the more you refer the higher you go in cashback tiers. the cashback tier is valid for only one month and will reset to 0 in the next month you have to refer more friends to restore up again. it has a maximum cap of 5% in a month or the limit assigned whichever is lower.
What is Postpe?
Postpe is a unique way to make payment to your daily expenses such as online recharge, fuel, purchase of groceries, food, lodging, online shopping, and many more. Here you will get a credit limit upon successful completion of necessary KYC with lending partners associated with the Postpe, Postpe is based on spend now and pay later commonly known as BNPL( Buy Now Pay Later)
Where do we use Postpe?
Postpe can be used on both platform such as online and offline transactions
You can also pay directly to the merchant just by scanning the QR code available to the stores.
User can also use their virtual postpe card to pay online across all websites.
You can also use the physical postpe card to pay at offline stores by swiping or tapping your card.
Who is the owner of Postpe?
postpe introduced by Bharatpe whose co-founer and managing director is Asneer Grover
What is joining fees and charges?
There is no joining or annual fee for the postpe registration.