Paytm Payments Bank to enable international remittances
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The bank’s MD & CEO Satish Kumar Gupta said that it has become the largest enabler of digital transactions in India at 970 million in March 2021. It has also become the largest digital-only bank with 64 million bank accounts and deposits of over Rs 3,200 crore, he said.
(This story originally appeared in on Apr 15, 2021)Mumbai: Paytm Payments Bank (PPB) plans to expand into facilitating cross-border as well as domestic remittances. The bank’s CEO said that the new umbrella entity (NUE), proposed by PPB and other investors, will change the pace of digital payments in the country, if approved.
Paytm Payments Bank becomes largest enabler of digital transactions
Mumbai, Apr 13 (UNI) Paytm Payments Bank Ltd (PPBL) on Tuesday said that it has become the top enabler of digital payments in the country by registering over 970 million digital transactions in the month of March 2021.
This achievement has been led by the growth in transactions on Paytm Wallet, Paytm FASTag, Paytm UPI, and internet banking over the last several quarters. PPBL which is rapidly gaining the trust of millions of Indians is now opening on an average 1 million savings and current accounts a month. With over 64 million accounts, the bank s total deposits have crossed over Rs 3200 crore.
Paytm Payments Bank hits 970M digital transactions in March
Noida-based fintech startup Paytm Payments Bank s banking service counts over 64 million bank accounts, with deposits crossing Rs 3,200 crore.
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Paytm Payments Bank on Tuesday said it
registered 970 million digital transactions in March 2021 with growth reported across its various services, including
UPI, Wallet, and internet banking, among others.
The Noida-based fintech s banking arm said it is opening an average o
f one million savings and current accounts per month.
Paytm s Wallet services saw a growth of 15 percent in transactions month-on-month, the startup said, adding over 78 percent of its 325 million account holders use the service on a daily basis.
Paytm Payments Bank clocks 970 m digital transactions in March
April 13, 2021
On average opening 1 million savings and current accounts a month
Paytm Payments Bank Ltd (PPBL), on Tuesday, announced that it has become the top enabler of digital payments in the country by registering over 970 million digital transactions in March.
This achievement has been led by the growth in transactions on Paytm Wallet, Paytm FASTag, Paytm UPI and internet banking over the last several quarters. PPBL, which is rapidly gaining the trust of millions of Indians, is now opening on an average 1 million savings and current accounts a month. With over 64 million accounts, the bank’s total deposits have crossed over ₹3,200 crore.
The Supreme Court has reiterated that the National Company Law Tribunal(NCLT) or the National Company Law Appellate Tribunal(NCLAT) cannot interfere with the commercial wisdom of the Committee of.