Paytm Launches Payments Bank; Plans To Spend Rs. 400 crore To Build Banking Network
Digital payment major Paytm has launched Payments Bank with features at par with a traditional bank in the country. Paytm Payment Bank will be offering 4 percent interest rate and cashbacks on deposits, zero fees on online transactions and zero minimum balance. The company is targeting to acquire 500 million customers by 2020. “RBI has given us an opportunity to create a new kind... Read More