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Paytm Payments Bank launches prepaid card linked with Paytm wallet

Paytm Transit card also enables the withdrawal of money from ATMs

paytm
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One97 Communications, the parent company of Paytm, owns a 49 per cent stake in the payments bank which reported revenues of Rs 130 crore in the quarter ended June

Deepsekhar Choudhury Bengaluru
Paytm Payments Bank Limited (PPBL) on Tuesday launched a physical prepaid card that is directly linked to a user’s Paytm wallet. Users can just top up the wallet to use the card and do not need to create a separate account. The card also enables the withdrawal of money from ATMs.

Satish Gupta, managing director and CEO of Paytm Payments Bank, said, “The launch of the Paytm Transit card will enable millions of Indians with the power of one single card that takes care of all transportation as well as banking needs.”

It has also created a completely digital process

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