Latest Articles in payments bank
Paytm Payments Bank Operations Commence Today
The bank will offer cashbacks on deposits, zero fee on online transactions and no minimum balanceFocused on unserved and underserved Indians; target of 500m customers by 2020; Paytm Payments Bank to offer Rs. 250 cashback to customers depositing Rs. 25,000 to Payments Bank account; 31 branches and 3,000 customer service points to be rolled out in the first year
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Deals RoundUp: Crofarm, FlexiLoans, Overcart, JSW Ventures, Omidyar Network, Sattva Capital, Venture Works and Paytm
Paytm is infusing Rs 350 crore in its payments bank arm, which is looking to start operations by Diwali this year. The capital will be primarily utilised to build the platform's technology infrastructure and physical branch presence in rural areas.
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