Tag "Payment banks"

Paytm payments bank launched, to offer zero-balance accounts

By : CIOL Writers

Paytm Payments Bank is now Live aiming to acquire 500 million customers in the next three years. The first physical branch of Paytm Payments Bank in Noida is part of the select first-phase roll out, offering accounts on an invite-only basis to

Airtel Payments Bank to cross-sell insurance, MF products

By : CIOL Writers

Airtel Payments Bank is planning to cross-sell financial products like insurance and third party loans through its banking points over the next one year to boost its revenue from other income categories. Because payments banks can not lend; it is

Paytm’s payments bank gets $32.5mn in fresh funding

By : CIOL Writers

Digital payments platform, Paytm that is all set to launch its payments bank service in Uttar Pradesh, this month has got another Rs 218 crore (or $32.5 million) cash infusion from Paytm CEO Vijay Shekhar Sharma, investing a sum of

Factors that can hinder payment banks

TM Praveen MUMBAI, INDIA: Payments banks are companies licensed by the Reserve Bank of India (RBI) with the goal of bridging the services gap between customers of traditional banks and the unbanked and under-banked citizens of India, many of whom