Paytm gets ready for first Payments Bank

The country’s largest mobile wallet provider Paytm has got into a strategic tie-up with Florida-based global provider dedicated to banking and payments technologies FIS Global.
The deal size would be worth close to Rs 150 crore over a period of five years. FIS, a Fortune 500 company, would help Paytm with core banking system.Paytm payments bank would set up nearly 20 signature branches. In addition, there will be 200 smaller store-like branches and at least 1,000 agents

Extra info:

  • Paytm is an Indian e-commerce shopping website headquartered in Noida, India, launched in 2010. 
  • It is owned by One97 Communications The firm started by offering mobile recharging, adding bill pay,Founder by  Vijay Shekhar Sharma.

So lets do:

  • Who is the CEO of PAYTM?

Source  – The Hindu


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