With Paytm Payments Bank account, you can pay at all major online platforms using Digital Debit Card
Paytm Payments Bank recently launched India’s only mobile-first bank with zero charges on all online transactions and no minimum balance requirement. The bank is focused on driving financial inclusion by bringing half a billion Indians to the mainstream economy. Paytm Payments Bank is owned by Vijay Shekhar Sharma, who holds 51% stake and One97 Communications that holds 49% stake
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Paytm Payments Bank Savings Accounts offers a free RuPay Virtual Debit Card. Through this Card, Paytm bank account holders can pay conveniently at all major online destinations. This has expanded the reach and strength of Paytm’s payment ecosystem by allowing acceptability across a large set of platforms and merchants. The consumer beta of the bank is currently live and available to customers across India. The company is also looking to partner with Universal Banks to offer additional financial services to its customers to roll out full bouquet of banking services that includes term deposits, retail & SME loans.
Renu Satti, MD & CEO – Paytm Payments Bank said, “Our customers will now be able to pay across all major online portals with our virtual debit card and experience the same convenience that have been accustomed to across the Paytm ecosystem. We are excited about this opportunity to build digital-first banking services for the Indian masses and will continue expanding our services further.