 "Founder and CEO of Paytm, Vijay Shekhar Sharma, interacts with media during the press conference in New Delhi on Wednesday (Photo: Dalip Kumar)")
After a long wait, online mobile wallets major Paytm is finally going to launch its payments bank in February this year. The company will launch its services first in Uttar Pradesh and then expand operations to the Northeast.
Paytm founder and CEO Vijay Shekhar Sharma told Business Standard in the first phase the bank would have around 100,000 banking correspondents. “In the first phase, we are targeting as many as 200 million wallets, current and savings accounts. While normal banks target savings and current accounts, we will target the wallets as well.”
Paytm payments bank was waiting for the
