Paytm Payments Bank (Debit Card Launched)

Sushubh

Administrator
[OP]
Oct 29, 2004
415,359
12,848
Gurugram
Know All About #ProjectPokhran

The financial market is going to be taken by storm soon. Internally codenamed ‘Project Pokhran’, Paytm Payments Bank launches soon.

Hiring is full steam ahead for the Payments Bank team which currently comprises 20-25 people. Consulting majors like EY, McKinsey & Co are assisting us in the roll out.

With Paytm Payments Bank, we are well on our way to becoming a unique Indian brand, this will be a massive leap in the direction of becoming India’s largest internet conglomerate.

That day is not far, when our users can sort out their mutual funds & insurance related problem with Paytm.
I am not sure what limitations they have but at least they have got the internet part sorted out. Most banks have shitty online panels which are painful to deal with.
 

Sushubh

Administrator
[OP]
Oct 29, 2004
415,359
12,848
Gurugram
Know everything about Paytm’s ‘Project Pokhran’

Market leader in the mobile payment sector, Paytm will launch the next big thing in the financial markets soon and work is on at breakneck speed. 'Project Pokhran', the internal code name for the Payment Bank project is nearly complete. With a team of 20-25 people at present, key positions are also being filled at a fast pace with the appointments of ITC executive Varun Khullar and Amazon India's Vikas Purohit as heads of partnerships for its Payments bank. The company aims to recruit 3,000 people for the business and has also enlisted the services of management consulting majors, Ernst & Young and McKinsey & Co to help in the rollout. The Payments bank that will most likely be called, Paytm Payments Bank, will be launched by the end of 2016.

"Payment is one event of a consumer relationship and we can grow this through the deposits," said Vijay Shekhar Sharma, founder of Paytm.

He added that for the initial capitalisation, as per the regulations set by the RBI, Rs.150 cr is required, which they have on the deck already. So the money is in place too.
 

Sai

Regulars
Nov 6, 2008
2,318
203
Mangaluru, Karnataka
These payment banks will have support for international transactions?. Debit cards and credit cards to be precise.