Paytm Payments Bank
Paytm Payments Bank is a digital bank in India offering services like savings accounts, debit cards, and mobile wallets to cater to both individuals and businesses.
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Paytm Payments Bank is a digital bank in India, aiming to bring financial services to the unbanked and underbanked population. It offers a range of products and services, including zero-balance savings accounts, a digital wallet, fixed deposits, debit cards, and payments through UPI, IMPS, and NEFT. Their digital platform is designed to be user-friendly, accessible through the Paytm app.
Paytm Payments Bank has a strong focus on financial inclusion and technological innovation. Since its launch in 2017, it has grown rapidly, issuing over 8 million FASTag units and achieving over 100 million KYC customers. The bank is also the largest acquiring bank on the UPI platform, demonstrating its commitment to digital payments.
Benefits
Paytm Payments Bank offers a variety of employee benefits, including a lifetime free account with no minimum balance or transaction fees, free virtual debit cards and physical debit cards, as well as up to 7.75% interest on fixed deposits. They also provide employees with a dedicated relationship manager for support and comprehensive API suite for seamless fund transfers.
Mission
Paytm Payments Bank aims to drive financial inclusion in India by bringing half a billion Indians into the mainstream economy. They achieve this through a zero-balance savings account, a free virtual debit card, and a range of digital banking services including fixed deposits, money transfer, and payments. Their goal is to empower unbanked and underbanked Indians with easy-to-use, digital, and secure financial solutions.
Culture
Paytm Payments Bank emphasizes a culture of sincerity and customer-centricity, aiming to bring financial inclusion to millions of Indians. They promote a digital banking experience with features like zero balance accounts, free online transactions, and a focus on ease of use. Their commitment to security and trust is evident in their investment of deposits only in government bonds and their robust fraud prevention measures.
DE&I
Paytm Payments Bank’s website does not explicitly address diversity, equity, and inclusion. There is no mention of specific initiatives or programs focused on building a diverse and inclusive workplace.
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