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With Paytm Payments Bank account, you can pay at all major online platforms using Digital Debit Card

ANI  |  New Delhi [India] 

Paytm Payments recently launched India's only mobile-first with zero charges on all online transactions and no minimum balance requirement.

The is focused on driving financial inclusion by bringing half a billion Indians to the mainstream economy. Paytm Payments is owned by Vijay Shekhar Sharma, who holds 51 percent stake and One97 Communications that holds 49 percent stake.

Paytm Payments Savings Accounts offers a free Virtual Through this Card, Paytm 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 is currently live and available to customers across

The company is also looking to partner with Universal Banks to offer additional financial services to its customers to roll out full bouquet of services that includes term deposits, retail and SME loans.

"Our customers will now be able to pay across all major online portals with our virtual and experience the same convenience that have been accustomed to across the Paytm ecosystem," said MD and CEO - Paytm Payments Bank, Renu Satti.

"We are excited about this opportunity to build digital-first services for the Indian masses and will continue expanding our services further," added Satti.

Paytm played an important role to democratize access to payments for hundreds of millions of Indians ranging from small kirana store-owners and daily wage laborers to large retailers to become a part of the economy.

As millions have experienced the power of convenient payments within the large Paytm ecosystem, customers have opened Paytm Payments accounts as a part of the consumer beta as they want to save money for the long term and earn interest on their

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, September 12 2017. 17:48 IST
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