Paytm Payments Bank to set up 1 lakh ATMs
NEW DELHI, Dec 5: Paytm
Payments Bank today said it
will set up one lakh ‘Paytm Ka
ATMs’ across the country to
enable its customers to transact
on its platform.
The payments bank will use
local banking correspondents to
help customers in depositing and
withdrawing money from their
Paytm Payments Bank account.
In the first phase, Paytm has
started with 3,000 such points
in select cities including Delhi
NCR, Lucknow, Kanpur, Allahabad,
Varanasi and Aligarh.
The company has also introduced
a dedicated ‘Bank’ section
on the Paytm app where
it has made available a range
of banking services including
payments, digital debit card,
passbook, help and support,
among others.
Paytm Payments Bank has already
committed Rs 3,000
crore, to be invested over the
next three years, to expand offline
distribution network. – PTI
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