Since June 2021, it is not providing new fixed deposit creation with Suryodaya Bank. In January 2021, it tied up with Suryoday Small Finance Bank to offer fixed deposit services to its account holders. It entered into a partnership with MasterCard for the issuance of virtual and physical debit cards in April 2020. In January 2018, Paytm Payments Bank partnered with IndusInd Bank to offer fixed deposits. Paytm Payments Bank has issued seven million Visa debit cards through its platform in FY'21. Paytm Payments Bank offers savings and current accounts with a debit card, facilitating fast and easy payments. In March 2021, the bank received approval for its UPI handle from the Securities and Exchange Board of India for issuing payment mandates for initial public offerings (IPOs) through the Unified Payments Interface (UPI). It processed over 778 million UPI transactions amounting to ₹89,388 crore in June 2022 and continues to be India’s biggest UPI beneficiary bank with over 1,370 million digital transactions in June 2022. In the financial year 2020, the bank facilitated more than 485 crore transactions worth ₹4.6 lakh crore. In 2015, Paytm Payments Bank Limited had received in-principle approval from the Reserve Bank of India to set up a payments bank and was formally inaugurated on November 28, 2017.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |