Paytm Payments Bank inks partnership with Mastercard

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.

Important takeaways for all competitive exams:

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

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