Paytm gets final approval for payments bank

Mobile commerce and payments company Paytm has got the final permission to open a payments bank by RBI. Reserve Bank of India has gaven permission to formally launch Paytm Payments Bank. Paytm and 11 other players, including Vodafone, Airtel and Fino PayTech, had applied for a payments bank licence in 2015.

So, let’s discuss some questions related to this post:
Q1. Name the Mobile commerce and payments company, which has get the final approval by rbi to open a Payment Bank?
Ans1. Paytm
Source-The Hindu


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