Paytm Payments Bank Ltd (PPBL) has partnered with Visa to issue Visa debit cards. With this, Paytm will issue over 10 million new digital debit cards in FY 2020-2021 to its customers. PPBL will issue Visa virtual debit cards to its customers and facilitate them to transact at all merchants accepting payments through cards. It will also enable its customers to make international transactions using their Visa debit cards.
Paytm Payments Bank Ltd is the largest issuer of RuPay Debit Cards along with the fastest growing bank account base.
Important takeaways for all competitive exams:
- MD & CEO of Paytm Payments Bank Ltd: Satish Kumar Gupta.