
Consumers on the Paisabazaar App can now complete routine payments conveniently at zero platform fee, with assured rewards on every transaction
India’s consumer credit marketplace Paisabazaar has expanded its mobile app features with the launch of Bill Payments and Mobile Recharge, allowing users to complete everyday transactions with zero platform fees and assured rewards on every payment.
With this update, Paisabazaar users can now manage a wide range of routine payments directly from the app, including prepaid and postpaid mobile recharges, credit card bills, loan repayments, and utility services such as electricity, DTH, LPG, and piped gas.
The move signals Paisabazaar’s broader ambition to become an everyday financial companion rather than just a credit platform.
Targeting India’s Massive Mobile Recharge Market
Mobile recharge alone represents a huge opportunity, with the company estimating the category to be worth over ₹15,000 crore per month. As one of the most frequent digital transactions for Indian consumers, recharges often act as an entry point for users to explore other financial services.
By offering fast payments combined with rewards, Paisabazaar expects to attract a wider audience across age groups and income segments—many of whom may start with recharges and gradually discover its credit, savings, and investment products.
Santosh Agarwal, CEO of Paisabazaar, said the company is building its app to play a more active role in users’ daily financial lives. According to him, enabling zero-fee payments with assured rewards creates stronger reasons for customers to return regularly, helping build long-term trust and smarter money habits over time.
Part of a Bigger Financial Ecosystem Push
The addition of Bill Payments and Mobile Recharge builds on Paisabazaar’s recent expansion beyond credit. Last year, the company entered the savings and investment space by introducing bonds and fixed deposits on its app.
With this latest update, Paisabazaar aims to improve user engagement while working toward its long-term vision of supporting customers across their entire financial lifecycle—from tracking credit and borrowing to saving, investing, and now making everyday payments.
Paisabazaar operates under PB Fintech, which has been publicly listed since 2021. Over the past decade, the platform says it has served more than 55 million consumers and partnered with 65+ banks, NBFCs, and fintech companies.
About Paisabazaar
Paisabazaar is India’s largest marketplace for consumer credit and free credit scores, helping millions of users compare and access loans, credit cards, and other financial products online. Part of PB Fintech, the platform has served over 55 million consumers over the past decade and works with 65+ banks, NBFCs, and fintech partners. In recent years, Paisabazaar has expanded beyond credit into savings, investments, and now everyday payments—aiming to become a comprehensive digital financial companion for Indian consumers.
TechMitra Take
By bringing bill payments and mobile recharges into its app, Paisabazaar is clearly positioning itself as an all-in-one financial platform—moving closer to UPI-style daily usage while combining it with credit, savings, and investment services. It’s a strategic step in a crowded fintech space where user retention increasingly depends on how useful an app is in everyday life.
Source & Disclaimer
Source: Press Release by NewsVoir
Disclaimer: This article is based on a syndicated press release from NewsVoir. TechMitra has edited and optimized the content for clarity, readability, and SEO. All facts, claims, and data are the responsibility of the source organization.
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