Paytm Payments Bank, India’s largest digital bank which provides zero balance accounts and zero charges on digital transactions has announced the launch of physical RuPay Debit Cards for its banking customers to seamlessly make payments across online platforms and offline stores. Additionally, now Debit Card holders can also withdraw money from any ATM in the country. The bank’s physical debit cards can be ordered online via the Paytm app.
The company has also launched UPI on its iOS app (launched on Android a month ago), enabling users to create their own Paytm UPI IDs, which will be issued by Paytm Payments Bank. They can now link any of their savings bank account with this unique Paytm UPI ID and start sending & accepting money directly into their bank account with no waiting time to add beneficiary. They will also not have to share their bank account details and IFSC code with anyone to receive money. This will enable Paytm users to transact digitally with more choices, great ease and convenience. They can also use their Paytm UPI IDs to pay at any of the 6 million Paytm partner retail outlets across India. Paytm UPI IDs are being accepted across all banks and UPI apps.
Renu Satti, MD & CEO – Paytm Payments Bank said, “Our customers are issued a free Digital Debit Card at the time of opening their bank account. We are excited to offer them the option of a physical Debit Card which account holders can request for . This will add to the convenience of our customers as they can now use their Paytm Debit Card to pay across all online platforms as well as offline stores with their Paytm Payments Bank account. We are also glad to announce the launch of UPI on iOS. We are already among the largest platform for UPI transactions and the launch on iOS will further increase the volumes.”