Finance Minister Jaitley launches Paytm Payments Bank

To support digital payment system, Hon’ble Union Finance Minster Arun Jaitley formally inaugurated Paytm Payments Bank recently.

Paytm Payments Bank is mobile-first bank with zero charges on all online transactions and no minimum balance requirement. The bank has been designed to help achieve financial inclusion in the country and is in line with Paytm’s mission of bringing half a billion Indians on to the mainstream economy.

The company has planned an investment of $500 million in KYC (Know Your Customer) operations. It is also setting up KYC centres across India to complete KYC for customers and make them eligible for a Payments Bank account.....Read More

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