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Paytm Payments Bank formally approved by RBI

Paytm Payments Bank : Paytm is an Indian website headquartered in Noida, India. It was launched in 2010 and adds to the industry of FinTech in India. It is owned by One97 Communications. The firm started by offering mobile recharging, adding bill payment and e-commerce, with products similar to businesses such as Flipkart, Amazon.com, Snapdeal. In 2015, it further added booking bus travel. Paytm also launched Payments Bank formally approved by RBI 2017. We have already providing Paytm free Offers Today. Check Below artical Paytm Payments Bank Launch Date| Complete Details.

Paytm Payments Bank Launch Date :

Paytm today said it has received final approval of the Reserve Bank to formally launch its payments bank and it expects to start operations next monthAccording to directions received from RBI, Paytm will be moving its wallet platform into the new Payments bank and any users were free to move their Paytm wallet money back into their bank accounts till 1st Feb, 2017. Post the launch of the Payments bank, transfers between the wallet and the Payments bank account will be free of charge.

Today, Paytm has become the category leader and changed the way India pays. From villages to cities, from corner vegetable stalls to milk booths, small shops to large retailers, everyone embraced the new way to pay by Paytm. Now, we are embarking on a new and even more exciting journey,” he added. With power of technology and innovation-at-scale, we aim to become a benchmark in world of banking.

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