Update

Paytm Payments Bank to issue physical visa debit cards

Paytm Payments Bank had entitled banking services through the Aadhar authentication by combining the Aadhaar enabled Payment System (AePS).Paytm Payments Bank Limited (PPBL) has made it clear to the public that after noticing the popularity of Visa virtual debit cards among its consumers, it will also start providing physical debit cards by Visa.

The bank has already issued more than 4.5 million virtual cards and is now targeting to issue more than 1 million physical debit cards by end of Financial year 21.The CEO & Managing Director of Paytm Payments Bank LtdSatish Kumar Gupta, said that they are proud to bring out an all-new physical card with our well established partner Visa. This is yet another step that is taken ahead by us to democratize the digital financial ecosystem in our country. Physical cards will aid the people more for those who don’t have another payment options to rely on whenever they are out, for buying services or shopping.

Paytm Payments Bank to issue physical visa debit cards 2

Image courtesy : financialexpress.com

This partnership will help millions of our consumers to avail these benefits of Visa debit cards along with the power to make transactions to the international level.TR Ramachandran, Group Country Manager, India and South Asia for Visa, Commenting on the launch, said, Visa is ecstatic to extend our well established strategic partnership with Paytm to launch the physical debit cards. Globally, Debit cards offer the customers a simple, appropriate, omnipresent way to pay as we move towards a less-cash or may be a cashless economy.

These physical debit cards will allow its consumers to use more than 5 million Visa acceptance points and also allow it’s consumers to tap and pay for the contactless transactions. We look forward to working closely with Paytm to expedite the movement towards a less-cash digital economy.All you need to know : Paytm Payments Bank physical visa debit cards :-PPBL has escalatify the debit card experience with this type of offering by making the process completely digital.Via the Paytm Payments Bank section on Paytm app, consumers can not only apply for the physical card but can also set the pin of the card once they have received it.All the possible card management controls are neatly built into the customer’s journey.

Paytm Payments Bank to issue physical visa debit cards 3

Image courtesy : economictimes.indiatimes.com

This card not only lets all of its consumers enjoy an amazing bouquet of offers by Visa, but also it comes with the features such as the international payments and tap-and-pay type transactions.Consumers can therefore use this card across the globe.Lately, PPBL had enabled it’s banking services through the Aadhar authentication by combining the Aadhaar enabled Payment System (AePS). PPBL has also launched a Direct Benefits Transfer (DBT) facility where it enables its customers to receive the benefits of nearly 400 government subsidies directly into their own PPBL Savings Account.

Harika

Harika is a computer science engineer and a privacy activist. She loves educating people about privacy, technology, and technology and helps people with purchase decisions using the internet.
Back to top button
Close
Close