Usually means: Pay as you go plan.
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We found 5 dictionaries that define the word PAYG:

General (3 matching dictionaries)
  1. PAYG: Wiktionary
  2. PAYG: Dictionary.com
  3. PAYG: Wikipedia, the Free Encyclopedia

Miscellaneous (1 matching dictionary)
  1. PAYG: Acronym Finder

Slang (1 matching dictionary)
  1. PAYG: Urban Dictionary

Definitions from Wiktionary (PAYG)

noun:  Initialism of pay-as-you-go. [(economics) A financial policy by which capital projects are financed from current revenue in the operating budget rather than through borrowing.]

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