Paytm get final nod to launch Payment Bank

Digital payment and commerce company Paytm has received the final nod from the Reserve Bank of India and is set to launch Paytm Payments Bank on May 23, 2017. 

Paytm is the third company from the 11 other applicants to launch payments bank after Airtel and IndiaPost. Mumbai-based Finopay Tech is also likely to launch its operations by next month (June).


Important Takeaways from above News for BOB PO Exam-
  • CEO and Founder of Paytm is Vijay Shekhar Sharma
  • Paytm Headquarter is in Noida
  • The first company to received nod from RBI to launch Payment Bank is Airtel.
Source- The Hindu

If you have any other takeaways, do share with us in the comment section

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