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Paytm Payments Bank inks partnership with Mastercard

Sumit Arora Published On April 22nd, 2020 Leave a comment

Paytm Payments Bank Ltd (PPBL) inks partnership with Mastercard to issue virtual and physical debit cards. These cards enable its customers to perform secure online transactions, make payment in stores as well as withdraw cash from ATMs.

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The main objective of PPBL is to issue over 10 million digital debit cards in FY 2020-21. Paytm Payments Bank Ltd cases to have 5.7 crore account holders and 30 crore computerized wallets. Mastercard offers its fully-integrated global payment platform to Paytm Payments Bank to enable cardholders to have access to the safest way of making electronic payments.

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MD and CEO of Paytm Payments Bank Ltd: Satish Kumar Gupta.
Paytm Payments Bank Ltd Headquarters: Noida, Uttar Pradesh.

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Sumit Arora

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As a team lead and current affairs writer at Adda247, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.