Soon you will be able to use Paytm’s international debit cards. The Global Payment company Visa has included the Paytm Payments Bank in its network. Under this, Paytm could soon issue a debit card written by Visa. About 300 million people in India use the Paytm. By joining hands with them, the Visa wants to add this customer in their portfolio.
The Paytm Payments Bank was still providing digital debit cards to the customers opening the account with them. One of the seven payment banks licensed by the Reserve Bank of India, Paytm, was still issuing RuPay (rupees) debit card. Paytm Payments Bank will continue to issue the Rupee Debit Card to the customers. There are currently 4.4 million Virtual Savings Accounts in the bank.
We are working on a plan to offer credit cards in conjunction with PayTM Payments Bank. This will enable better customer service for the growing customer base of PayTM. ” According to TR Ramachandran, country manager of Visa Group in India and South Asia, “PayTM Payments Bank has formally joined the Visa Network as a member so that soon Pete is able to issue Visa cards in the Indian market. – Visa Chief Executive Officer Alfred F. Kelly
Paytm was prepared on a mobile wallet solution, so that people could pay all the cash without having a cache. In 2016, there was a sharp jump in the use of Paytm users base. Since then, the company has made several changes so far. Over the past few months, the company has been growing its Point of Sale Solutions.