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Home News

RBI Nods in Favour of Paytm Payments Bank

by Chinmay Bidkar
January 4, 2017
in News
Reading Time: 1 min read
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RBI Nods in Favour of Paytm Payments Bank
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04 January 2017, India:

Reserve Bank of India has given permission to formally launch Paytm Payments Bank, Paytm & One97 Founder Vijay Shekhar Sharma stated in a blog post.

From villages to cities, from corner vegetable stalls to milk booths, small shops to large retailers, everyone has embraced the new way to pay by Paytm.

He said, “At Paytm Payments Bank, our aim is to build a new business model in banking industry, focused on bringing financial services to 100’s of millions of unserved or under-served Indians. With power of technology and innovation-at-scale, we aim to become a benchmark in world of banking.”

Paytm is India’s largest mobile payment and commerce platform. With current user base of more than 177 million, It is on mission to bring half a billion Indians to main stream of economy using mobile payments, commerce and soon to be launched payment banking services. (Image- Paytm blog)

Also read-
10 DIGITAL MARKETING ASSETS YOU NEED TO INVEST IN TODAY
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Tags: One97paytmPaytm Payments BankReserve Bank of IndiaVijay Shekhar Sharma
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Chinmay Bidkar

Curious, Keen Observant & Dynamic! Chinmay finds peace in meeting people who work hard for humanity. He has new found interest in Gadgets and Techs and at Techstory he gets to write about it! Reach out at- [email protected]

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